The EU Council and EU Parliament select Frankfurt as the seat of the future European authority for anti-money laundering and countering terrorist financing (AMLA)

AMLA is the centrepiece of the reform of the EU’s AML framework, which will have direct and indirect supervisory powers over obliged entities and the power to impose sanctions and measures. AMLA will be based in Frankfurt and will begin operations mid-2025. It will have over 400 staff members…