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EU top court faces questions on GDPR compliance over bank data transfers to US

By Matthew Newman and Julia Tar ( December 4, 2025, 16:02 GMT | Insight) -- European judges have been asked whether the transfer of personal banking data to the US under a bilateral agreement violates the EU’s privacy rules. The case has attracted attention because of diverse decisions in national courts on whether transfers under the US Foreign Account Tax Compliance Act, or FATCA, are in breach of the EU’s General Data Protection Regulation, or GDPR.EU judges have been asked by a Belgian court if a US law to fight tax evasion that obliges Belgian banks to send US citizens' bank account data to US tax authorities conforms with EU privacy rules....

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