Europe struggles in its response to revelations, earlier this month that the NSA has been tracking international credit card transactions?
Unsatisfied by the US response to allegations that the National Security Agency is accessing credit-card data on the Swift network, European politicians are considering putting an end to the EU-US Terrorist Finance Tracking Programme (TFTP).
Introducing NextV - The Full Scope Solution To Building Your Next Virtual EventGo to article >>
At a meeting of the Civil Liberties Committee this week, Cecilia Malmstrom, European Commissioner for Home Affairs, said that despite having requested information from the US Treasury Secretary, the answers she was given were not adequate and says: “If media reports are true this constitutes a breach of the agreement and a breach of the agreement can lead to suspension,” she goes on to say that a suspension of the TFTP “is a very serious one”.
On the other hand, Europol presented a different reaction to these events and according to its Director, Rob Wainwright: “We simply have no evidence of the US being in breach of the TFTP agreement, so we cannot confirm or deny any of these allegations.”
Swift echoed Europol’s sentiments that there is not solid evidence to confirm the NSA’s actions.