EU APPROVES FINANCIAL DATA TRANSFERS TO US FOR COUNTER-TERRORISM PURPOSES

July 28th, 2010 by Anya Proops QC

On 13 July 2010, the Council of Europe promulgated a decision whereby it approved an agreement between the EU and the US for the transfer of financial messaging data from the EU to the US, specifically for the purposes of the US’s Terrorist Finance Tracking Programme. The decision has now been published in the Official Journal for the EU. See further the Council decision dated 28 June 2010 confirming the signing of the agreement, which you can find here.