Euros Pitch In In The Fight Against Jihadi Terrorism
The European Union has approved a deal allowing the Swift international bank transfer network to show US investigators details of transactions.
European and Belgian watchdogs say Brussels-based Swift has been violating privacy rules since it started sharing the data after the 9/11 attacks.
The new deal says the US can only use the data to fight terrorism, and can only hold it for five years.
A senior European official will also monitor how the data is used.
The deal is expected to be rubber-stamped by ministers on Thursday, after agreement among ambassadors.
The US says it needs the information, such as customer names, account numbers and amounts transferred, to crack down on funding for to terrorist cells.
EU and US officials are also holding talks on the terms of a new deal to transfer private data on air passengers to US authorities.