Frankfurt wins vote to host new EU anti-money laundering agency

DPA
·1 min read
Christian Lindner, Germany's Finance Minister, speaks at the Political Ash Wednesday of the FDP Brandenburg. Fabian Sommer/dpa
Christian Lindner, Germany's Finance Minister, speaks at the Political Ash Wednesday of the FDP Brandenburg. Fabian Sommer/dpa
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The new EU anti-money laundering agency (AMLA) is to be in Frankfurt, representatives from the EU member states and the European Parliament agreed on Thursday in Brussels.

Frankfurt beat competition from Paris, Brussels, Madrid, Dublin, Riga, Vilnius, Vienna and Rome to host the new EU agency.

German Finance Minister Christian Lindner pushed hard for Frankfurt to host the agency. He told a public hearing in the parliament in January that in Frankfurt, the agency would everything it needs to be operational from day one.

The European Commission first proposed establishing the agency back in 2021 to crack down on money laundering and terrorist financing in the European Union.