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  • Data transfers To USA: European Parliament states its terms

    05/18/2010 8:22:23 AM PDT · by Still Thinking · 169+ views
    finExtra.com ^ | May 6, 2010 | EU Parliament
    Any new agreement on providing bank data to the United States - for example via the SWIFT system - must avoid "bulk data" transfers until they can be processed within the EU, warned MEPs on Wednesday. As for Passenger Name Records, Parliament opted to postpone its vote on the existing agreements with the United States and Australia and called for those accords be renegotiated on the basis of new criteria. MEPs voted on two resolutions in Brussels today, one on the opening of negotiations for an EU-US agreement to provide the US Treasury Department with bank data to combat terrorism,...