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Frankfurt is happy about a new EU authority

2024-02-22T20:11:39.001Z

Highlights: Frankfurt is happy about a new EU authority. The city announced that the EU's new anti-money laundering authority, the so-called Amla (Anti-Money Laundering Authority), would create at least 400 new jobs in Frankfurt. Amla should begin its operational work in combating money laundering by the beginning of 2025 at the latest, it was said. Germany's bid for the seat won against eight European capitals. These included Paris and Dublin, two other top financial centers in Europe.



As of: February 22, 2024, 8:59 p.m

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The city center of Frankfurt am Main with the financial district.

© Uli Deck/German Press Agency GmbH/dpa

It is another milestone for the Frankfurt financial center.

The new EU authority against money laundering is moving to the Main.

It should start at the beginning of 2025 at the latest.

Frankfurt/Main/Brussels - Frankfurt Mayor Mike Josef (SPD) welcomed the EU decision to locate the new anti-money laundering authority in Frankfurt as “correct and consistent”.

The city offers “ideal conditions” for this in terms of culture and infrastructure, Josef said on Thursday evening in Frankfurt.

In addition, there are already important financial supervision institutions in the Main metropolis.

Therefore, “the decision is also conclusive on the matter”.

The city announced that the EU's new anti-money laundering authority, the so-called Amla (Anti-Money Laundering Authority), would create at least 400 new jobs in Frankfurt.

The federal government, the state of Hesse and the city of Frankfurt have promised the new EU authority full support and resources for rapid development.

Amla should begin its operational work in combating money laundering by the beginning of 2025 at the latest, it was said.

On Thursday evening, representatives of the EU states and the European Parliament voted by a majority in favor of the headquarters of the so-called Amla (Anti-Money Laundering Authority) in the Main metropolis, as the Belgian EU Council Presidency announced.

This means that Germany's bid for the seat won against eight European capitals.

These included Paris and Dublin, two other top financial centers in Europe, according to reports from Frankfurt.

dpa

Source: merkur

All news articles on 2024-02-22

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