SEPA data does not fall within the scope of the EU-US Agreement. Since the implementation of SWIFT`s distributed architecture in early 2010, intra-European news is now channelled (and possibly archived) only in SWIFT`s European operations centres and no longer in the US. SEPA messages are usually exchanged between European financial institutions and are therefore not normally processed at US SWIFT companies and are therefore not subject to subpoenas. In addition, sepa messages are sent by banks through a messaging service called FileAct, a file transfer service. SEPA files sent via FileAct are not archived by SWIFT and therefore cannot be retrieved for convening purposes. In February 2010, due to these data protection concerns, the European Parliament refused to conclude an agreement allowing US authorities to access European data on financial transactions. In May 2010, the Commission started negotiations for a new agreement to ensure better data protection safeguards. On 22 July 2019, the Commission presented a “joint review of the implementation of the Agreement between the European Union and the United States of America on the processing and transfer of financial information from the European Union to the United States for the purposes of the Programme for the Continuation of terrorist financing”. This is the fifth evaluation report of the agreement that entered into force on 1 August 2010. As a result, the European Union (EU) has secured an agreement to send an investigating judge to the United States of America as the EU`s high representative to oversee the activities of the TFTP. This judge, Jean-Louis Bruguière, had a permanent office in Washington, D.C, usa.
Ministry of Finance.  In June 2010, the EDPS adopted an opinion on the European Commission`s draft agreement in which he called for further improvements in data protection. In July 2010, the European Parliament gave its consent to the conclusion of a revised agreement. The agreement enables law enforcement to obtain timely, accurate and reliable information on activities related to the alleged planning and financing of terrorism.. . . .