Daniel Shane reports:
The European Union has agreed to grant US antiterror investigators access to a database of banking transactions once again, having withheld access since February this year over data protection concerns.
Last night a new deal was announced, under which all data requests made by the US must be validated by Europol, the European police organisation. Also, EU citizens will now have the same rights at their US counterparts to challenge the use of their banking data in front of US courts. A third revision allows the EU to place one of its own officials within the US Treasury to monitor any proceedings against EU citizens.
The revised deal still must be approved by the European Parliament, but it is expected that data-sharing activities will resume from August 1.
Read more on InformationAge.