Brussels, 27/07/2006 (Agence Europe) - The Commission has adopted measures for implementing the third directive on the prevention of money laundering and terrorist financing. Adopted in October 2005, the directive must be implemented by December 2007. The technical measures proposed had been previously endorsed by the European Parliament and the Committee for the Prevention of Money Laundering and Terrorist Financing. They above all define what should be understood by the term “politically exposed person” (EUROPE 9137), as well as the technical criteria allowing the extension of situations in which the procedures for customer due diligence may be simplified, and the technical criteria allowing Member States to exclude from the scope of the application of the directive those persons/entities conducting financial activities on an occasional or very limited basis.