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Independent TFTP overseer appointed

27 August 2010

This summer, the EU and the United States signed an agreement on tracking of terrorism financing, the so called TFTP agreement (Terrorist Finance Tracking Programme). The text stated that the European Commission would appoint an independent European person with the mission of monitoring the data searches that are being carried out within the agreement framework. An interim overseer has now been appointed.

“I am very pleased to announce that the European Commission has now appointed an interim independent overseer of Terrorist Finance Tracking Programme searches. This person is responsible on an interim basis for the oversight and monitoring of financial payment messaging, which is necessary for the purpose of prevention, investigation, detection, or prosecution of terrorism or terrorist financing,” said Cecilia Malmström, European Commissioner in charge of Home Affairs.

The overseer is placed in Washington, and has started working. The interim solution will shortly be replaced by a person holding a permanent post, in accordance with Article 12 of the agreement.

Read the statement in full and read more on the TFTP agreement.