Eu Demands Answers From United States On Financial Spying

counterparts and expressed strong concerns about tapping of financial data by U.S. intelligence authorities. “Following up with a letter today, requesting consultation under the TFTP agreement. We need clear, satisfactory answers,” she wrote. In the absence of such satisfactory answers, the EU could revoke an agreement that allows the United States to access information under its Terror Finance Tracking Programme (TFTP). This would be subject to approval by EU member states. According to leaked U.S. documents aired by Globo, Brazil’s biggest television network, the U.S. government has tapped into the computer networks of companies including Google Inc. , Brazilian state-run oil firm Petroleo Brasileiro SA and the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The European Union shares data from the database of SWIFT, which exchanges financial messages concerning transactions across the world, but it only does so with the United States Treasury, to help intercept possible terrorism plots.

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