NHS staff blockade the entrance to NHS England’s headquarters in central London demanding the cancellation of its contract with Palantir, which supplies advanced technology to Israel’s military, April 3, 2024PALANTIR has been awarded a contract to analyse the Financial Conduct Authority’s (FCA) internal intelligence data, sparking concerns over possible leaks.
The FCA confirmed on Sunday that the US tech company will aim to help tackle financial crime and identify risks to consumers and markets.
A spokesman added: “We ran an open, competitive procurement process and have strict controls in place to ensure data is protected.”
But Cardiff University’s Professor Michael Levi, an internationally recognised expert in money laundering, told the Guardian that it was “a relevant question as to whether Palantir’s owners might tip off their friends about methodologies.”
He asked: “What are the protocols agreed between the FCA and Palantir about the onward use of things that they have learned in that process?”
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Amnesty International UK’s business and human rights director Peter Frankental said: “Companies linked to human rights abuses should not be given access to sensitive UK public data full stop. First it was our health data, now it’s financial intelligence.
“The UK government is taking an unacceptable risk by allowing Palantir Technologies to embed itself in systems handling the public’s most sensitive information and profit from it at the expense of our privacy, integrity and values. We are calling for a full review into whether it is appropriate to grant this level of access to a company so closely associated with some of the most serious human rights concerns of our time.”
