Data Privacy

Statement on EU-US agreement on the Terrorist Finance Tracking Programme

The following statement is also available in German.

The EU-US agreement on the Terrorist Finance Tracking Programme published today by the Council of the European Union is of significance to the financial industry. We understand the agreement would apply to all providers of international financial payment messaging services and would govern the terms upon which financial payment messaging data will be made available by EU based authorities to US authorities for anti-terrorism purposes.

SWIFT is not involved in the EU-US discussions but is closely monitoring the next steps in the EU decision process.  Implementation of this agreement must ensure the protections which exist today for citizens' data are maintained. The legal framework must be sound and leave no room for ambiguity to ensure private companies have legal clarity to operate.

SWIFT abides by the law and regulations of the countries in which it operates. Protecting customer data is and will remain at the core of SWIFT's business.