New U.S.-EU Agreement on Tracking Terrorist Financing Possible by Summer
By Jonathan Abrams, NSJ Staff Editor – There is hope that a tool for tracking terrorists’ finances that was effectively eliminated by the European Parliament in February will come back online this summer. The Terrorist Finance Tracking Program (TFTP) was started after the September 11th attacks as a way to identify, track, and pursue suspected terrorists and their finances. As one part of the program, the U.S. government would subpoena banking records from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a consortium of banks that serves as the middle man for billions of transactions each year. Although SWIFT is […]

