European lawmakers still worried about banking data security

Europol accused of rubberstamping with no thought for data protection

Europe's police force, Europol, has approved requests to send private citizens' banking data to the U.S. Department of Treasury without sufficient consideration for data protection laws, according to an internal report.

An official report on an investigation carried out by the organization's Joint Supervisory Body (JSB) was made public by the German Commissioner for Data Protection and Freedom of Information on Wednesday.

Since August 2010, the European Union has allowed European citizens' financial data to be transferred to the U.S. under the Terrorist Finance Tracking Agreement, also known as the Swift agreement. However, one stricture of the accord specifies that the U.S. must "clearly substantiate the necessity of the data" in combating terrorism.

The JSB inspection team was made up of seven data protection experts who found, that of the four requests made by the U.S. since the Swift pact was established, all were too abstract to allow proper verification for whether they comply with the accord.

The report concludes that given the dearth of information, verifying whether the requests to date "are in line with the conditions of the agreement, is impossible."

Oral statements from the U.S. Treasury to Europol personnel had a bearing on the decisions, but even the JSB team has no knowledge of the content of those statements. Therefore it is impossible to tell whether omissions in the written requests were rectified by oral information, according to the report. This renders proper inspection by Europol's Data Protection Office impossible, concluded the report.

Giving Europol a role in implementing the controversial agreement was one of the concessions made to the European Parliament after it initially rejected the accord over concerns about civil liberties. On Wednesday these misgivings resurfaced. Parliamentarians said that Europol appears to be just rubberstamping requests for the transfer of bulk data, without any kind of scrutiny or oversight.

Alexander Alvaro, Parliament's rapporteur on the TFTP Agreement, called for "all relevant documents must be declassified."

"This report should send alarm bells ringing in Brussels," added Sophie In't Veld, vice-president of the parliamentary committee on civil liberties. "It would seem Europol has not been respecting the agreed data protection safeguards which we insisted upon as a condition for this agreement to go ahead. We need clarification on how these data transfers are being processed."

The Commission is due to publish its evaluation of the TFTP on March 17.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags governmentsecurityprivacyregulationcybercrimelegaldata protectionfinancedata breachindustry verticalsEuropol

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jennifer Baker

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?