Commission report on the joint review of the implementation of the Agreement between the European Union and the United States of America on the processing and transfer of Financial Messaging data from the European Union to the United States for the purposes of the Terrorist Finance Tracking Program
In accordance with its Article 13, the first review of the Agreement between the European Union and the United States of America on the processing and transfer of Financial Messaging data from the European Union to the United States for the purposes of the Terrorist Finance Tracking Program (the Agreement) took place six months after the entry into force of the Agreement. This review has therefore primarily focused on whether all of the elements of the Agreement have been implemented and its mechanisms have been properly put into place rather than on the effectiveness of the Agreement – time was considered too short to come to a considered judgment on that. (pdf at ec.europa.eu)
