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SWIFT is a system for transfering money internationally (Photo: Wikipedia)

Belgium to probe US monitoring of international money transfers

Belgian prime minister Guy Verhofstadt has ordered a probe into whether a Brussels-based banking consortium broke the law when it provided US anti-terror authorities with confidential information about international money transfers.

The consortium known as SWIFT – society for worldwide inter-bank financial telecommunications – was brought into the limelight when the New York Times last week reported that officials from the CIA, the FBI and other US agencies had since 2001 been allowed t...

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SWIFT is a system for transfering money internationally (Photo: Wikipedia)

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