Brussels gives CIA the power to search UK bank records

THE is to be given broad access to the bank records of millions of Britons under a European Union plan to fight terrorism.

The agreement, which will come into force in two months’ time, requires the 27 EU member states to grant requests for banking information made by the under its terrorist finance tracking programme.

In a little noticed information note released last week, the EU said it had agreed that would be compelled to release the information to the “as a matter of urgency”. The records will be kept in a US database for five years before being deleted.

Critics say the system is “lopsided” because there is no reciprocal arrangement under which the UK authorities can easily access the bank accounts of US in America.

Source/Full Story: Times Online

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