Alain Bensoussan
The French data protection authority, the CNIL, expressed its concerns, in a press release on July 27, 2010, on the agreement, known as “Swift Agreement”, concluded on June 28, 2010, between the European Union and the USA to regulate the transfer of banking data between the EU and the US for the purposes of the Terrorist Finance Tracking Program (TFTP).
Despite the additional guarantees supplied, the CNIL “is in doubt as to the effectiveness of the measures taken and considers that several matters of concern remain“.