SWIFT: Difference between revisions

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A series of articles published on June 23, 2006, by ''[[The New York Times]]'', ''[[The Wall Street Journal]]'' and ''[[The Los Angeles Times]]'' revealed that the [[Treasury Department]] and the [[CIA]], [[United States government]] agencies, had a program to access the SWIFT transaction database after the [[September 11th attacks]] called the [[Terrorist Finance Tracking Program]].<ref>{{cite news|title=Belgian PM: Data Transfer Broke Rules|url=http://www.washingtonpost.com/wp-dyn/content/article/2006/09/28/AR2006092800585.html|publisher=[[Washington Post]]|date=2005-09-28 | first=Constant | last=Brand | accessdate=May 23, 2010}}</ref>
 
After these publications SWIFT quickly came under pressure for scrutinizing data privacy of its customers by letting a foreign government agency access sensitive personal data. In September 2006, the Belgian government declared that the SWIFT dealings with U.S. government authorities were, in fact, a breach of Belgian and European privacy laws.
 
In response, SWIFT is in the process of improving its architecture to satisfy member privacy concerns by implementing the new ''Distributed Architecture'' with a two-zone model for storing messages (see [[#Operations centers|Operations centers]]).