The European Council and the Parliament have reached an agreement to host the upcoming European Anti-Money Laundering and Countering Terrorist Financing (AMLA) in Frankfurt.
As per the information detailed in the press release, AMLA is set to be based in Frankfurt, Germany and begin operations as of the middle of 2025, with the authority having over 400 staff members. The additional regulator represents the core of the reform of the EU’s Anti-Money Laundering (AML) framework, as it has direct and indirect supervisory powers over obliged entities and the ability to impose sanctions and measures. Being part of a broader AML initiative, the regulation was designed to safeguard EU citizens and the European financial system against the threats of money laundering and terrorist financing.
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