Frankfurt Selected as Headquarters for New EU Anti-Money Laundering Authority

The new authority, AMLA, will oversee the crypto sector and is set to begin operations in mid-2025.

Frankfurt, Germany, has been chosen as the location for the headquarters of the European Union's new Anti-Money Laundering Authority (AMLA).
AMLA will directly oversee the crypto sector, among other responsibilities, to combat money laundering and terrorist financing.
The authority is expected to have over 400 staff members and start its operations in the middle of next year.
The decision was made through a consensus between the Council of the European Union and the European Parliament.
Frankfurt's selection follows the EU's recent efforts to strengthen its anti-money laundering framework, including the revision of transfer of funds rules and the implementation of the MiCA framework.