Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto

The European Union has selected Frankfurt, Germany, as the seat for its new Anti-Money Laundering Authority (AMLA), which will directly oversee the crypto sector. The Frankfurt-based agency, made up of the authority itself and national authorities from the EU’s 27 member states, will be tasked with ensuring compliance with all anti-money laundering and counter-terrorist financing obligations agreed by the bloc. The AMLA is part of a three-pronged legislative package to combat money laundering and terrorism financing across the EU, creating a single rulebook for all its members.

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