To Disclose or Not to Disclose?

- WatersTechnology Staff
- 01 Oct 2006

Diplomatic crises may not be a part of the average day for denizens of Europe's banking sector, but the admission this summer by the US Government that the US Treasury Department has been covertly monitoring transactions transmitted through the Society for Worldwide Interbank Financial Telecommunication (Swift) has thrown the industry into a public spy scandal and caused international debate on who really should know your customer.

The New York Times uncovered the program in June, when it

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