05 July 2007

EU / USA - Final agreements on PNR and SWIFT

After a long and difficult period of negotiations, on 28-29 June 2007, final agreements were reached between EU and USA on the data regarding European financial transactions operated by Belgian consortium SWIFT and on the passenger name records (PNR) issue respectively. Regarding the access to financial data from SWIFT, the US has committed to use any data received from SWIFT exclusively for counter-terrorism purposes, the data retention period being of 5 years. An "agreement was reached on the substance of the new Passenger Name Records (PNR) system, with only technical details and EU national parliaments' opinion still to be resolved".