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EU banking data is likely to flow to the US before the framework agreement is sealed (Photo: SWIFT)

EU moves on data protection deal with US

by Valentina Pop, Brussels,

The European Commission on Wednesday (26 May) proposed an overarching data protection agreement with the US, in a bid to avoid future disagreements after the European Parliament's veto on a banking data agreement for tracking terrorism funding earlier this year.

"Fundamental rights must be protected and respected at all times. I want an EU-US agreement that protects personal data rights while fighting crime and terrorism," justice and fundamental rights commissioner Viviane Reding said ...

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EU banking data is likely to flow to the US before the framework agreement is sealed (Photo: SWIFT)

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