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SCHUMAN DIARY: An intriguing look inside the horse-trading between finance ministers for the location of AMLA Headquarters

HEADQUARTERS: Frankfurt, home to the ECB, is one of the cities in contention to host the new AML Authority - and it scores high in standards of living

EUROPEAN NOTEBOOK By Alisha Houlihan

WE GOT an insight last Friday into the horse-trading that is about to take place between EU countries for the honour of hosting the new AML Authority (AMLA).

At a meeting of the bloc’s Economic and Financial Affairs Council ministers from the competing countries set out their stalls about why they AMLA should be located in their countries.

With Latvia out of the equation because of its treatment of former FIU chief Ilze Znotina, Lithuania is the only Baltic state in contention.

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