Global Insider: The U.S.-EU Bank Data-Transfer Deal

The United States and the European Union have signed a bank data-transfer agreement that will give U.S. authorities access to EU bank transfer data, under EU supervision, in an effort to combat terrorism. In an e-mail interview, Kurt Volker, a former U.S. Ambassador to NATO and managing director of the Center on Transatlantic Relations at Johns Hopkins University, explains the importance of a U.S.-EU bank-data transfer agreement. WPR: What is the background of the current dispute? Kurt Volker: In the days and years after Sept. 11, 2001, the United States and Europe worked together to track terrorist financing, in order […]

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