19 October 2017

European MPs pass resolution to probe Swift data snooping

07 July 2006  |  7785 views  |  0 European MPs pass resolution to probe Swift data snooping

The European Parliament has passed a resolution demanding that EU bodies disclose how much they knew about a secret US government programme to scrutinise financial transactions passed over the interbank Swift network.

European parliamentarians voted by 302 to 219 on a resolution to force the European Commission, Central Bank and member states to reveal their prior knowledge of the classified US counter-intelligence operation.

The move follows revelations by the New York Times that the Bush administration was using emergency powers to access data on suspect wire transfers sent over the Swift network.

Swift says it responded to compulsory subpoenas for limited sets of data from the US administration, and that it kept both Belgium's central bank and the European Central Bank informed of its actions.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Belgian Justice Ministry to probe Swift data searches

Belgian Justice Ministry to probe Swift data searches

27 June 2006  |  7200 views  |  0 comments
US government taps Swift data - report

US government taps Swift data - report

23 June 2006  |  12974 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.niceactimize.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15824 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8958 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8053 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7148 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6289 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job