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SWIFT Privacy: Data Processor Becomes Data Controller

am 13.05.2007 von Law & Justice

Last month, SWIFT emphasised the urgent need for a solution to compliance with US Treasury subpoenas that provides legal certainty for the financial industry as well as for SWIFT. SWIFT will continue its activities to adhere to the Safe Harbor framework of the European data privacy legislation. Safe Harbor is a framework negotiated by the EU and US in 2000 to provide a way for companies in Europe, with operations in the US, to conform to EU data privacy regulations.This seems to conclude a complex privacy case, widely covered by the US and European media.A fundamental question in this case was who is a data controller and who is a mere data processor. Both the Belgian and the European privacy authorities considered SWIFT, jointly with the banks, as a data controller …

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Edwin Jacobs

Law and justice in the broad sense. In Dutch and/or English. Focus on Flanders, Wallonia, Belgium, the European Union, member states. - personal opinion and news related to law and justice, also related politics - legal columns - texts about legal subject

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