EU Parliament Prepares To Vote On Swift Data Transfers

The European Parliament is preparing for a non-binding vote that could lead to the suspension of a major intercontinental data transfer agreement between the EU and the United States, Finextra reports.

The agreement, which relates to global anti-terrorism efforts and Swift international banking data, is in doubt due to revelations of secret NSA surveillance activities in member states. Home Affairs Commissioner Cecilia Malmström said during a parliamentary session that further deliberation is needed.

"I am not satisfied with the answers I got so far," Malmström remarked. "We need more information and clarity."

To learn more about the ongoing Swift debate, read the full report here.

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