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Content type: News & Analysis
In a move that echoes strong action taken in the past by European officials to protect privacy, the Belgian and Dutch data protection authorities on Wednesday announced that they will begin an investigation into the security of the SWIFT financial system.
The announcement comes on the heels of our letters to twenty-eight European DPAs last month, which sought answers regarding the NSA's reportedly unauthorized access to SWIFT's financial messaging system and asked for an investigation into the…
Content type: News & Analysis
Dear Mr Schrank,
I am writing with regard to the current controversy over the private arrangement between SWIFT and the U.S. Government that facilitates the extradition of confidential financial transaction data from SWIFT to U.S. authorities. You will be aware that Privacy International contends that this arrangement breaches privacy and data protection law, and we have lodged complaints with regulatory authorities in 38 countries.
In my many discussions with SWIFT officials over the past…