Swift Agreement

Revelations from former National Security Agency contractor Edward Snowden claimed that the NSA is systematically undermining the SWIFT deal. No denial was made on the AMERICAN side and the European Parliament adopted a non-binding vote calling for the suspension of the agreement. [13] [14] However, a suspension would require the approval of a two-thirds majority of EU governments. [15] The agreement was signed by Alfredo Pérez Rubalcaba, Spanish Minister of the Interior, and Michael Dodman, Chargé d`Affaires of the US Mission to the EU. Cecilia Malmström, the European Commissioner for Home Affairs, who negotiated the agreement, was also present. The United States and the European Union have signed an agreement on the transmission to the United States counter-terrorism authorities of information relating to international bank transfers made through the SWIFT system. 3. . .

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