EU, U.S. to Share Banking Data to Fight Terrorism



The European Union has reached an agreement with the United States that will allow European bank data to continue to be shared for counterterrorism purposes, but only after liberal members of parliament secured stronger privacy guarantees.

Under a five-year agreement signed Monday by the European Council, the E.U.’s governing body, U.S. officials can request European financial data relevant to a specific terrorist investigation if they substantiate the need for the data.

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