Report on the 3rd 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

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 ('TFTP') entered into force on 1 August 2010.

Article 13 of the Agreement provides for regular joint reviews of the safeguards, controls, and reciprocity provisions to be conducted by review teams from the EU and the US, including the European Commission, the US Treasury Department, and representatives of two data protection authorities from EU Member States, and may also include security and data protection experts and persons with judicial experience. This third joint review covers a period of seventeen months (1 October 2012 until 28 February 2014).

This report is based on the information contained in the written replies that the US Treasury provided to the EU questionnaire sent prior to the review, information obtained from the discussions with Treasury personnel as well as information contained in other publicly available Treasury documents. In addition, information provided by Europol staff during the review was used and the inspection report of Europol's Joint Supervisory Body (JSB) from March 2013 was considered. To complete the information available to it, the Commission also met and received information from the Designated Provider.

EUR-Lex: SDW(2014)264: Joint Review http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2014:264:FIN

---