The Belgian govt. said Wed. a preliminary investigation showed it...
The Belgian govt. said Wed. a preliminary investigation showed it had no power over transfer of bank transaction data by SWIFT to the American govt. “After the first analysis of our reports, it appears that all the information furnished…
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by SWIFT to the U.S. Treasury was done through the normal activities of its U.S. subsidiary,” the Belgian govt. said. It still needed to receive a final report before making a decision on the matter, the govt. said, promising to communicate its conclusions to the Belgian parliament, but not giving any timetable for that. SWIFT said it had done nothing that violated the privacy of customers, and that it had done nothing illegal. In a statement, SWIFT said it negotiated with the “U.S. Treasury over the scope and oversight of the subpoenas.”