Frankfurt’s Financial Centre in a New Look
Frankfurt’s financial centre continues to gain importance as a hub for supervision and banking. New EU authorities, rising employment, and international institutions are strengthening the location in a sustainable way
Navigating the next wave of AML regulation to drive strategic innovation
Joint study by EY and Frankfurt Main Finance highlights challenges, opportunities and success factors for combating money laundering in Europe.
KPMG – Tightening the net: EU adopts sweeping AML reforms
A landmark reform of the European anti-money laundering (AML) regime is on the verge of completion. On 24 April the European Parliament formally adopted a new AML Regulation and legislation creating the new EU Anti-Money Laundering Authority (AMLA). This in effect completes the legislative journey for the EU’s ambitious AML reform package, launched in 2021 to enhance Europe’s ability to detect and prevent financial crime.
Frankfurt to host the AMLA
The Anti-Money Laundering Authority (AMLA) will be based in Frankfurt am Main. This was decided by the Council and Parliament of the European Union on Thursday (22 February 2024) in Brussels.
AMLA: Approaching the finish line
The EU has taken a significant stride in combating money laundering and terrorist financing. December 2023 marked the provisional agreement on establishing the EU Anti-Money Laundering Authority (AMLA), set to supervise high-risk financial institutions and harmonize anti-money laundering rules across the EU.
