Where Will the Amla be Located?
Member States will compete strongly for the location of the AMLA. Germany’s funds industry, BVI has already issued its rallying cry to the German government to fight for the watchdog.
“The German government has to fight for Frankfurt as the location of the new European authority,” Thomas Richter, BVI’s CEO, said in a statement. “A failure as occurred with the EBA should not be allowed to happen again.”
Similarly, Vice President of the EPP Frances Fitzgerald and fellow MEP Billy Kelleher are calling for the agency to be based in Ireland and demanded the Government of Ireland fight strongly for the prize.
Stephen Rae is the Publisher of AML Intelligence.com, the fastest growing global compliance and anti-financial crime site and newsletter,