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24 April 2006

Commission draft implementing measures on Money Laundering

The Commission released its draft implementing measures for the Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. The implementing measures address the definition of “politically exposed person” and the technical criteria for simplified customer due diligence procedures as well as the exemption on grounds of a financial activity conducted on an occasional or very limited basis.


© Graham Bishop

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