Commission welcomes the selection of Frankfurt as the seat for the Authority for Anti-Money Laundering and Countering the Financing of Terrorism

The Commission welcomes today's agreement between the European Parliament and the Council that the seat of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) should be in Frankfurt. This is the first time that the co-legislators jointly agree on the location of a seat of a decentralised agency. The Parliament and the Council representatives have voted together with the same number of votes in an inter-institutional meeting at the Council premises.