Provider of Financial Records to US (Brussels-based Swift) Had Assurances

[DeepModem Mom]

NYT?Reuters: Provider of Financial Records to US Had Assurances
By REUTERS
Published: June 23, 2006

BRUSSELS (Reuters) - An industry cooperative at the center of a new storm surrounding a secret Bush administration program tracking financial records said it got significant assurances before giving information to the United States.

The U.S. Central Intelligence Agency and Treasury Department received databases from Swift, which handles international bank fund transfers, to examine millions of records, The New York Times reported in Friday's editions.

In a statement, the Brussels-based, industry-owned cooperative said it narrowed the scope of a subpoena to reduce the volume of records it provided. Swift routes $6 trillion daily among 7,800 banks, brokerages, stock exchanges and other institutions around the world....

***

"Swift negotiated with the U.S. Treasury over the scope and oversight of the subpoenas," said the company, whose full statement is available on www.swift.com.

The Swift statement said its negotiations had resulted in "significant protections and assurances as to the purpose, confidentiality, oversight and control of the limited sets of data produced under the subpoenas."...

http://www.nytimes.com/reuters/washington/politics-security-swift-belgium.html

[Supersedeas]

1. foreigns negotiate subpoenas...but Mericans get none

[Turbineguy]

2. Luckily....

American Citizens have foreign organizations to protect their privacy.

Lucky, lucky, lucky.