Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
EU-US Agree to Share Citizens Bank Data
07-09-2010, 01:01 AM,
#1
EU-US Agree to Share Citizens Bank Data
http://www.informationclearinghouse.info/article25900.htm

EU-US Agree to Share Citizens Bank Data

By AFP

Julky 08, 2010 "AFP" -- WASHINGTON — US President Barack Obama on Thursday praised a deal between the United States and the European Union to share banking data as a key tool in the fight against terror.

"The threat of terrorism faced by the United States and the European Union continues and, with this agreement, all of our citizens will be safer," Obama said in a statement released by the White House.

"This new, legally binding agreement reflects significant additional data privacy safeguards but still retains the effectiveness and integrity of this indispensable counter-terrorism program," he said.

European MPs earlier Thursday voted 484-109 for a new five-year deal to allow the United States to again have access to banking information from August 1.

The Terrorist Finance Tracking Programme had allowed US access to information from the interbank money transfer system SWIFT, which is based in Brussels, but EU lawmakers' main concern was how personal information would be used by US authorities.

The TFTP has "provided critical investigative leads -- more than 1,550 to EU Member States -- since its creation after the September 11, 2001 terrorist attacks," Obama said.

Such leads, he said, have "aided countries around the world in preventing or investigating many of the past decade's most visible and violent terrorist attacks.

US Vice President Joe Biden sought to ease European concerns during a trip to Europe in May, saying "Europeans and Americans alike have valued greatly the privacy of our citizens."

Under the new deal, Europol, the European police organization, will check the validity of US requests.

"We are determined to protect citizens of all nations while also upholding fundamental rights, using every legitimate tool available to combat terrorism that is consistent with our laws and principles," said Obama in welcoming the deal.
[Image: conspiracy_theory.jpg]
Reply
07-09-2010, 02:59 AM,
#2
RE: EU-US Agree to Share Citizens Bank Data
Aside from the obvious surveillance motive this along with airport security serves two other purposes. IRS collections and keeping as much US money on the sinking ship as possible so it absorbs the shock upon a crash. It would prevent a mass dump of currency in the instance of a sudden crash but I just see provisions to investigate, not to freeze accounts.

Quote:The United States agreed to allow the presence of an EU official in Washington who will be able to block the extraction of data if necessary.
The new agreement has only one official standing in the way of data access. It doesn't mention a warrant and allows for swaths / chunks of data to be accessed but prevents any data mining or use for anything other than terrorism. 'Terrorism' is a broad term and needs to be legally redefined and while they are at it -- same with 'riot', 'breach of the peace' and 'unlawful assemblies'.

I couldn't dig up the updated document, I suppose it's not written up yet. Here are the EU minutes in memo format:
http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/308&format=HTML&aged=0&language=EN&guiLanguage=en

The old version of a Q&A document on TFTP protocol from November 2009:

EU-US agreement on the processing and transfer of financial messaging data for purposes of the US Terrorist Finance Tracking Programme (TFTP)
- Questions and Answers -
http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/jha/111559.pdf
There are no others, there is only us.
http://FastTadpole.com/
Reply
07-14-2010, 11:49 PM,
#3
RE: EU-US Agree to Share Citizens Bank Data
Original URL: http://www.theregister.co.uk/2010/07/13/eu_data_protection_deal_us/
EU Commission plans 'umbrella' data protection deal with US

'Piecemeal approach' doesn't sit right with Reding

By OUT-LAW.COM

Posted in Government, 13th July 2010 11:02 GMT

Free whitepaper – The Reg Guide to Solutions for the Virtual Era

The European Commission has opened negotiations with the US on the creation of a data protection agreement that would govern all data transfers between the EU and the US.

Commissioner for Justice, Fundamental Rights and Citizenship Viviane Reding told The Atlantic Council in Washington that the negotiation of separate deals on issues such as airline passenger name records (PNR) and financial data was not the best way to address privacy concerns.

"It is my determination to end this piecemeal approach. That is why, within my first few months in office in Brussels, I worked on a mandate to start negotiations with the US on an umbrella data protection agreement," Reding said. "The aim is clear: to provide legal certainty to data transfers by ensuring that all these transfers are subject to high standards of data protection on both sides of the Atlantic."

"EU Member States are currently discussing the fine print of the Commission's proposal before negotiations can officially start. This will be done swiftly and I am confident that the green light will be given in the coming months," she said.

Last week the European Parliament gave its approval to the latest framework within which US authorities can gain access to Europeans' banking details to aid their counter-terrorism police and intelligence operations. The Parliament had rejected previous proposals and has been more protective of Europeans' privacy than other EU governing bodies.

EU data protection law states that personal data must only leave Europe if it is protected as well as it would be within Europe. This can be done by other countries' data protection laws or by agreements about how specific information will be treated.

Reding said that she recognised that many data protection regulators and legislators are concerned about the US's generally less privacy-protective laws.

"Past negotiations on the transfer of passenger data or the more recent talks on the transfer of financial transaction data for the purposes of the [US anti-terrorism programme] have shown how difficult it is to find mutually acceptable standards and practice for the protection of personal data," said Reding.

"For years experts have been discussing the usefulness of having an international agreement between the European Union and the US based on high standards for the protection of personal data to prevent and prosecute crime," she said. "There were many talks but little political will. This has to change."

Reding said that the cultural differences between the approaches to personal data processing in the US and Europe had to be resolved.

"The EU and the US are both committed to the protection of personal data and privacy, even if our systems for doing so are not identical," she said. "Removing protection gaps and discrepancies between the two legal systems and thereby improving legal certainty and reaching a high level of protection for any individual are the goals for this new agreement."

Reding said that the proposed agreement on how to treat data transferred for criminal purposes would also help authorities to come to agreement on data swapping for other, non-criminal purposes. She said it could become an 'umbrella agreement' for all others.

"I want to negotiate a data protection agreement that contains all the necessary high level data protection standards, with obligations for data controllers and rights for data subjects, as well as mechanisms to ensure the application of those standards," said Reding. "This should become a complete self-contained set of rules. The US would feel the benefits immediately since high data protection standards would guarantee legal certainty and facilitate data transfers to and from the US much more easily than is currently possible."

Last week the European Parliament withdrew its objections to US processing of Europeans' banking data. The Parliament voted to approve a revised deal containing better privacy protections than one it rejected in February.
[Image: conspiracy_theory.jpg]
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
Rainbow End of Bank Foreclosures 4 Clear Title Holders ZeroCenter 9 3,110 05-25-2014, 10:41 PM
Last Post: ZeroCenter
  'Dollar valueless, about to crash' - World Bank whistleblower SiLVa 11 2,692 04-07-2014, 10:52 PM
Last Post: CharliePrime
  World Bank Accused Of Destroying Small Farms for Land Grabs mexika 0 592 04-03-2014, 06:26 PM
Last Post: mexika
Bug TruthJihad Interviews World Bank Whistleblowing Lawyer CharliePrime 0 745 11-25-2013, 08:50 PM
Last Post: CharliePrime
  Bank Run in Canada? stiffy 8 1,731 04-11-2013, 11:16 PM
Last Post: stiffy
  CYPRUS : BANK RUNS HAVE STARTED ! shortwave 22 3,788 04-02-2013, 09:17 PM
Last Post: FastTadpole
Information Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya Nokturnal 37 10,826 11-24-2012, 06:30 AM
Last Post: FastTadpole
  Keiser Report: Anti-Bank Currency icosaface 1 762 04-08-2012, 11:37 AM
Last Post: Zammo
  Bank of Canada Challenged in Legal Action icosaface 2 1,649 12-31-2011, 09:14 AM
Last Post: FastTadpole
Information Top U.S. Treasury Official In Europe For Talks On Sanctioning Iranian Central Bank FastTadpole 0 713 10-27-2011, 09:45 PM
Last Post: FastTadpole

Forum Jump:


Users browsing this thread: 1 Guest(s)