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SWIFT handles about 11 million money transactions per day from more than 200 countries (Photo: Wikipedia)

SWIFT broke EU data laws, panel says

Belgian money transfer company SWIFT violated EU data protection laws when it gave US intelligence information on millions of private European financial transactions, an independent EU panel has said, calling on the firm to immediately halt the data transfer.

According to a draft letter - set to be made public on Thursday (23 November) but seen by the DowJones newswire - 25 data protection officials from across the EU concluded that "SWIFT committed violations of data protection laws b...

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