TERROR FINANCE – CAN THE EU BE AN EFFECTIVE COP?
December 1st, 2012
BY CARMEN PAUN, IN BRUSSELS
AFTER two years from the entry into force of the Terrorist Finance Tracking Programme (TFTP) between the European Union (EU) and the United States, the European Commission patted itself on the back, claiming the agreement is working. It relays bank transfer data from the SWIFT network via EU financial intelligence units (FIUs) and EU police agency Europol to the US Treasury - where a team of EU officials make sure the Americans only use the data to fight terror finance.
A December 14 statement from the European Commission's home ...
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