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EU: Commission to propose new EU anti-terrorism tool

01 July 2011

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EU: Commission to propose new EU anti-terrorism tool (euobserver, link)

The European Commission will on Wednesday (12 July) suggest that the EU sets up its own financial data analysis system, allowing the EU to stop transferring bulk data to the US for anti-terrorism purposes. It is set to put forward three options and their corresponding budgets for the establishment of an EU "Terrorism Finance Tracking System" (TFTS), ranging from €33 million to €47 million to set up and another €7 million to €11 million a year to operate.

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