PwC Financial Crime update - Q1 2024

This issue of the PwC Financial Crime quarterly update outlines the latest news and regulatory updates across the world of financial crime. 

In Q1 2024, a decision was finally made on the location of the new Anti Money Laundering Authority (AMLA), Frankfurt was chosen by the European Parliament and Council as the seat of AMLA, the EU’s new enforcer in the fight against money laundering and terrorism financing.

Nine candidates, including Ireland, applied to host AMLA and presented their candidacies in joint public hearings. In the vote, Frankfurt received a majority of validly cast votes on the 1st round of voting, and was chosen to host the agency.

As always, the regulatory landscape is ever-changing and adapting to new financial crime threats. Read our newsletter to understand these developments and how they might affect your organisation.