Personal data included in money transfers is processed by the Bank and other specialized companies, such as SWIFT (Society for Worldwide Interbank Financial Telecommunication). Such processing may be effected through centres located in other European countries and in the US in accordance with local law. As a result,US authorities may, for the purposes of fighting terrorism, request access to personal data held in such operating centres. Clients instructing their bank to execute a payment order or any other transaction grant implicit consent that all data necessary for the correct completion of the transaction may be processed outside Luxembourg.
