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EU banking data is transferred to the US for anti-terrorism investigations (Photo: Swift)

EU police report shows holes in US data deal

US demands for EU banking data under the so-called Swift agreement are "too general and abstract" for Europol to allow a proper evaluation of the necessity of those transfers, an inspection report carried out by the police agency's own supervisory body says.

The EU-US deal, which entered into force in August 2010, allows anti-terrorism officials in Washington to get large sets of banking data, provided the EU joint-police body in The Hague, Europol, pre-authorises it.

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EU banking data is transferred to the US for anti-terrorism investigations (Photo: Swift)

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