AMLA IN FRANKFURT
GERMANY STANDS READY
Combating money laundering is a top priority for Germany. The federal cabinet
has delivered on this priority and just approved a bill on improving the fight
against financial crime.
The central component of this legislation will be the establishment of a new
federal authority, the Federal Financial Crime Agency or in short BBF that will
pool analysis, criminal and administrative investigations as well as supervision
under a single roof in order to ensure a centralised, holistic fight of money
laundering. The BBF will serve as AMLA’s national counterpart in Germany.
In Frankfurt, AMLA will find everything it needs in order to be operational
from day one and to fully execute its tasks and powers. That is the reason why
Germany is bidding to host AMLA in Frankfurt.
AT A GLANCE: WHY FRANKFURT IS THE PERFECT FIT
A one-stop shop On-site inspections within Easily accessible
for supervision walking distance from all around europe in
2.5 hours or less
AMLA’s building: spoiled A vibrant metropolis in An outstanding talent pool
for choice in Frankfurt’s a green setting and hub for innovation
real estate market
WELCOME TO FRANKFURT: COMBINING
FINANCE WITH QUALITY OF LIFE
A ONE-STOP SHOP FOR SUPERVISION
Protecting the integrity of the financial system requires not only effective money launder-
ing supervision and strong prudential supervision, but also ad-hoc information-sharing
between the supervisors of individual institutions. AMLA’s close proximity to the ECB
would create a one-stop shop for supervision.
ON-SITE INSPECTIONS WITHIN WALKING DISTANCE
It is anticipated that the majority of the entities that AMLA will directly supervise is located
in Western Europe or even in Frankfurt itself. The short distances to the supervised entities
and national supervisors would be a considerable organisational advantage for AMLA.
EASILY ACCESSIBLE FROM ALL AROUND EUROPE IN 2.5 HOURS OR LESS
With one of the largest airports in continental Europe, daily flights in all capitals and the
most important rail transport hub in Germany with over 1,100 daily connections, Frankfurt
offers excellent access to all destinations in the European Union and the world.
AMLA’S BUILDING: SPOILED FOR CHOICE IN FRANKFURT’S REAL ESTATE MARKET
Thanks to an attractive and vibrant real estate market with competitive pricing, AMLA is
spoiled for choice in making its new home. Several buildings are available in the business
district as well as in the newly constructed business complex near the airport.
A VIBRANT METROPOLIS IN A GREEN SETTING
Frankfurt offers employees and their families attractive living and working conditions in a
thriving and English-speaking labour market as well as excellent educational opportunities,
from early childhood to university.
AN OUTSTANDING TALENT POOL AND HUB FOR INNOVATION
The Frankfurt Rhine-Main region offers an attractive research and knowledge hub with
an international talent pool of 250,000 students, numerous IT-technicians, bankers and
lawyers as well as more than 40 research institutions and universities.
Saatja: "Keit Pillak"
Saaja: "RAM Info"
Teema: FW: Letter of the Federal Minister of Finance Christian Lindner
Kuupäev: 2024-02-13 06:59
From:
[email protected] <
[email protected]>
Sent: Tuesday, February 13, 2024 8:42 AM
To: Mart Võrklaev <
[email protected]>; Keit Pillak <
[email protected]>
Subject: Letter of the Federal Minister of Finance Christian Lindner
Tähelepanu! Tegemist on välisvõrgust saabunud kirjaga.
Tundmatu saatja korral palume linke ja faile mitte avada.
Dear Sir or Madam,
Please find attached a letter of the Federal Minister of Finance Christian
Lindner that I am sending you only by e-mail.
Best regards,
Charlyn Büttner
Federal Ministry of Finance
Division LCB |
Wilhelmstrasse 97, 10117 Berlin, Germany
Internet: <http://www.bundesfinanzministerium.de/>
www.bundesfinanzministerium.de
<https://twitter.com/bmf_bund>
<https://www.instagram.com/bundesfinanzministerium>
<https://www.linkedin.com/organization-guest/company/bundesministerium-der-finanzen>
Christian Lindner
Federal Minister
POSTAL ADDRESS Federal Ministry of Finance, 11016 Berlin Member of the German Bundestag
OFFICE ADDRESS Wilhelmstrasse 97, 10117 Berlin
Only by e-mail:
[email protected]; TEL +49 (0) 30 18 682-43 98
[email protected] FAX +49 (0) 30 18 682-88 43 98
E-MAIL
[email protected]
Mr. Mart Võrklaev
Minister of Finance in February 2024
FILE NO VII A 5 - WK 5024/21/10001 :020
DOCUMENT NO 2024/0104130
(Please quote file no. and document no. in your reply.)
Dear Minister,
On 30 January 2024, the European Parliament and the Council of the European Union held
a joint hearing of all candidates for the location of the European Anti-Money Laundering
Authority AMLA. With this first ever joint hearing, we have come a decisive step closer to
our common goal in the fight against money laundering and terrorist financing. The joint
decision of the European Parliament and Council on the location of the future European
Anti-Money Laundering Authority is now imminent.
The German government is fully committed to supporting the EU project in establishing a
European anti-money laundering authority. A strong AMLA with a European perspective is
the only way to ensure the uniform application of the substantive legal framework in the EU
and for the joint efforts to combat money laundering to be swiftly and effectively raised to
the next level.
In Frankfurt, AMLA would be based in the largest and most important financial centre in
continental Europe. Here it could perform its core tasks, including the direct supervision
of Europe’s largest providers of financial services, efficiently and sustainably due to its
proximity to key institutions. Furthermore, Frankfurt is able to offer AMLA and its future
employees unrivalled accessibility, a first-class digital infrastructure, a large and highly
qualified talent pool, and an excellent quality of life. But it is not only Frankfurt that offers
www.bundesfinanzministerium.de
Postanschrift Berlin: Bundesministerium der Finanzen, 11016 Berlin
page 2 all the prerequisites for AMLA; Germany as a whole is ideally qualified to host the new
anti-money laundering authority. We take the fight against money laundering very seriously
and have stepped up our AML efforts considerably in recent years. The main arguments in
favour of Frankfurt are summarized in the attached leaflet as well as on the website
www.amla-frankfurt.eu.
Against this background, I am convinced that Frankfurt is an ideal location for AMLA in
order for Europe to achieve its goal of becoming a global leader in the field of financial
integrity and the fight against financial crime.
I would deeply appreciate your support for Frankfurt as AMLA´s future home. Let us
continue to maintain and strengthen the dialogue between our governments on this matter.
Yours sincerely,