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Belgium's SWIFT does a runner to America

Anonymous Coward writes | more than 7 years ago

The Courts

An anonymous reader writes "A new twist to an old story. SWIFT, the Belgium bank transfer company that admitted it handed all transaction data to the NSA & CIA without warrants or limits, faces prosecution in Belgium. Their response is to do a runner to the USA. Shifting their data to USA data stores and seeking protection under the US-EU safe harbor treaty.

If you were the CIA and had access SWIFT's data, whose details would you look up. I'd look up every world leaders bank transfers, every politician's payments, every civil servants interbank transactions. Maybe look up what money Democrats send abroad too, might be some political leverage in that."

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