THE CIA is to be given broad access to the bank records of millions of Britons under a European Union plan to fight terrorism.
The Brussels agreement, which will come into force in two months' time, requires the 27 EU member states to grant requests for banking information made by the United States under its terrorist finance tracking programme.
In a little noticed information note released last week, the EU said it had agreed that Europeans would be compelled to release the information to the CIA "as a matter of urgency". The records will be kept in a US database for five years before being deleted.
Critics say the system is "lopsided" because there is no reciprocal arrangement under which the UK authorities can easily access the bank accounts of US citizens in America.
They also say the plan to sift through cross-border and domestic EU bank accounts gives US intelligence more scope to consult our bank accounts than is granted to law enforcement agencies in the UK or the rest of Europe.
In Britain and most of Europe a judge must authorise a specific search after receiving a sworn statement from a police officer.Read More