Legal development

Frankfurt wins new EU Anti-Money Laundering Authority AMLA – Germany stands ready

23 February 2024

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    On 22 February 2024, the EU finally voted alongside strong competitors in favour of Frankfurt, Germany, as the future headquarters of the new EU Anti-Money Laundering Authority AMLA, which aims to effectively counter money laundering, terrorist financing and financial crime within the EU. In addition to ECB, EIOPA, Bundesbank and BaFin, AMLA will join the German financial centre from mid-2025.

    Please get in touch with Ashurst's German financial regulatory team to discuss any AML related matter.

     

    The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
    Readers should take legal advice before applying it to specific issues or transactions.

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