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Feed/NLE2009/0190(NLE)Digital & Tech

The processing and transfer of Financial Messaging Data from the European Union to the United States for purposes of the Terrorist Finance Tracking Program

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 3mo ago
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This procedure concerns an agreement between the EU and the USA on sharing financial messaging data. The goal is to help track terrorist financing, balancing security needs with data protection.

This impacts financial institutions and individuals whose data may be transferred. It aims to ensure data is handled securely and lawfully, respecting privacy rights during the transfer process.