“European politicians have raised the possibility of suspending or even terminating the EU-US Terrorist Finance Tracking Programme (TFTP) after failing to get a convincing rebuttal from US authorities over allegations that the National Security Agency spied on bank-to-bank messaging data transmitted over the Swift network.
At a meeting of the Civil Liberties Committee Tuesday, Home Affairs Commissioner Cecilia Malmström said she had written to US Treasury Under Secretary David Cohen on 12 September to ask for clarifications, following the allegations in the press that the NSA had been tapping into personal financial data from Swift's international bank-transfer database.
"I am not satisfied with the answers I got so far," Malmström told MEPs. "We need more information and clarity." “
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