“The European Union is threatening to suspend two agreements granting the United States access to European financial and travel data unless Washington shows it is respecting EU rules on data privacy. Struck in the wake of the September 11, 2001 attacks and regarded by Washington as important tools in the fight against terrorism, the Terrorist Finance Tracking Program (TFTP) provides the U.S. Treasury with data stored in Europe on international financial transfers, and the Passenger Name Record agreement covers data provided by passengers when booking tickets and checking in for flights. All such information is passed to Homeland Security.”
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