In a joint vote, MEPs and EU ambassadors chose Frankfurt to host the EU’s central enforcer in the fight against dirty money, the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA).

Nine candidates in total applied to host AMLA and presented their candidacies in joint public hearings. In the vote, Frankfurt received a majority of validly cast votes on the 1st round of voting, and was chosen to host the agency.

Background and next steps

For the first time, a new EU agency’s host city was agreed between the Parliament and Council on an equal footing, following a Court of Justice of the European Union ruling to that effect.

The AMLA regulation is part of a wider package of laws to reform the EU’s framework for combatting money-laundering and terrorist financing. Now that the entire package has been provisionally agreed between Parliament and Council, they need to be formally adopted by both before they can enter into law. Parliament is expected to vote on its final approval in the plenary session of 22-25 April.

Once adopted, the AMLA regulation will apply from July 2025. Before then, the European Commission is responsible for establishing the Authority and for its initial operations.