15/05/2006 (Agence Europe) - The European Committee on the prevention of money laundering and terrorism funding gave its agreement, on 10 May, for a series of measures proposed for applying the third “laundering” directive (2005/60/EC). These implementation measures concern: - a definition of the notion of “persons politically exposed” to the risk of capital laundering and terrorism funding; - simplified obligations of vigilance when low-risk clients are concerned; - and financial activities conducted occasionally or in a limited way. The European Parliament has one month in which to assess the measures before the directive is adopted by the Commission during the summer. Several consultations have been held (see EUROPE 9064, 9083
and 9137).