Frankfurt chosen as headquarters for new EU anti-money laundering authority over

[zasad@]

https://www.theblock.co/post/278758/frankfurt-amla-crypto?
"The Council of the European Union and the European Parliament representatives agreed that AMLA will be based in Frankfurt.
AMLA will directly oversee the crypto sector, among other things.

Representatives from the Council of the European Union and the European Parliament reached a consensus on the location for the headquarters of the new European authority for anti-money laundering and countering terrorist financing on Thursday, determining that AMLA, the organization, will be based in Frankfurt, Germany."

[Maus0728]

What's the supposed benefit of knowing the location for their headquarters though? To me, this don't make any difference because if these AML organization finally digs the big fishes that's involve in a really big money laundering operations and I'm talking about politicians and influential people having their names on the list of the investigation, they're going to be immediately shut down. Most of these task force are only created to root out foreign operations and not the domestic ones.

As long as there's money to be had and people that have a soul that's easily bought by mere billions of Euros or dollar, money laundering will never see an end and the big operations are just going to be protected by the politicians and officials that have their interests in line with those operations and that they're benefiting from it directly.

[Z-tight]

"At the same time, we're addressing risks posed by crypto and the anonymity it enables."

Wherever their headquarters is located doesn't matter, but what is worrying for bitcoiners is how institutions like this attack BTC privacy solutions, as you can see from this snippet above. BTC is just a tool, surely Satoshi never created it to be used for illicit tx's, but any tool in the world can be used both for good and bad. However, i don't think there is a 'threatening' number of people using BTC for money laundering, it has a public and transparent blockchain and is not anonymous, but they still attack BTC like it is the most suitable tool for money launderers.

[zasad@]

What's the supposed benefit of knowing the location for their headquarters though? To me, this don't make any difference because if these AML organization finally digs the big fishes that's involve in a really big money laundering operations and I'm talking about politicians and influential people having their names on the list of the investigation, they're going to be immediately shut down. Most of these task force are only created to root out foreign operations and not the domestic ones.

As long as there's money to be had and people that have a soul that's easily bought by mere billions of Euros or dollar, money laundering will never see an end and the big operations are just going to be protected by the politicians and officials that have their interests in line with those operations and that they're benefiting from it directly.

What really matters is where the main headquarters is located. If the main office were in Malta or Estonia, then this would not be serious. This is a good influx of money for the budget of the country in which the headquarters is located.

[Lucius]

It should not be too important where the headquarters of an agency is located, although Frankfurt is the city where the headquarters of the ECB (European Central Bank) are also located, and also the headquarters of some well-known companies such as the Deutsche Bank Twin Towers.

Perhaps it is a matter of German influence when it comes to such decisions, and perhaps other countries have not shown too much interest in having the headquarters of such an agency in their country. I just think that this agency should focus much more on money laundering that goes through banks, and much less on any crypto transactions, which are only the tip of the iceberg.

[Fiatless]

https://www.theblock.co/post/278758/frankfurt-amla-crypto?
"The Council of the European Union and the European Parliament representatives agreed that AMLA will be based in Frankfurt.
AMLA will directly oversee the crypto sector, among other things.

Representatives from the Council of the European Union and the European Parliament reached a consensus on the location for the headquarters of the new European authority for anti-money laundering and countering terrorist financing on Thursday, determining that AMLA, the organization, will be based in Frankfurt, Germany."

The location of this the Headquarters of the EU anti-money laundering and countering terrorist financing authority is not relevant to me, all I want is for them to go after bad actors in the crypto space while genuine players should be given the freedom to engage in financial transactions without any restrictions. Genuine actors should not be allowed to suffer because the system has few bad actors. It is not strange that Germany was chosen as the location because the country has the largest economy in Europe.

[yhiaali3]

"At the same time, we're addressing risks posed by crypto and the anonymity it enables."

Wherever their headquarters is located doesn't matter, but what is worrying for bitcoiners is how institutions like this attack BTC privacy solutions, as you can see from this snippet above. BTC is just a tool, surely Satoshi never created it to be used for illicit tx's, but any tool in the world can be used both for good and bad. However, i don't think there is a 'threatening' number of people using BTC for money laundering, it has a public and transparent blockchain and is not anonymous, but they still attack BTC like it is the most suitable tool for money launderers.

Indeed, it does not matter where their headquarters are located. The important thing is that they agreed to form the new European authority for anti-money laundering and countering terrorist financing, and this is what is important in the news, not the location of the headquarters.

But on the other hand, as @zasad mentioned, choosing the headquarters in Germany indicates their seriousness because Germany is an influential member of the European Union and has great economic and political importance.

Also, after its formation, European Authority will have the right to intervene in all countries of the European Union regarding Bitcoin and cryptocurrencies, even those countries where there are lenient laws regarding Bitcoin and cryptocurrencies.

[Easteregg69]

After all these years of trading. They can backtrack and bust me for anything now.

That giant HEX sell of that was not reported for example.

PS. I get my beer and make some noise.

[Easteregg69]

"At the same time, we're addressing risks posed by crypto and the anonymity it enables."

Wherever their headquarters is located doesn't matter, but what is worrying for bitcoiners is how institutions like this attack BTC privacy solutions, as you can see from this snippet above. BTC is just a tool, surely Satoshi never created it to be used for illicit tx's, but any tool in the world can be used both for good and bad. However, i don't think there is a 'threatening' number of people using BTC for money laundering, it has a public and transparent blockchain and is not anonymous, but they still attack BTC like it is the most suitable tool for money launderers.

Indeed, it does not matter where their headquarters are located. The important thing is that they agreed to form the new European authority for anti-money laundering and countering terrorist financing, and this is what is important in the news, not the location of the headquarters.

But on the other hand, as @zasad mentioned, choosing the headquarters in Germany indicates their seriousness because Germany is an influential member of the European Union and has great economic and political importance.

Also, after its formation, European Authority will have the right to intervene in all countries of the European Union regarding Bitcoin and cryptocurrencies, even those countries where there are lenient laws regarding Bitcoin and cryptocurrencies.

Second round on a successful trade would be money laundering if the gains from first round was not reported.

[Poker Player]

This does not surprise me, since it is where the headquarters of the ECB is also located, as Lucius said, and it is no coincidence. With the construction of the European Union, Germany was clear that it wanted to take the lead in economic issues, and the fact that the European Parliament is in Strasbourg, the headquarters of the commission in Brussels, the Court of Justice in Luxembourg and the headquarters of the ECB in Frankfurt was no coincidence.

[stompix]

What's the supposed benefit of knowing the location for their headquarters though?

I have one or two ideas but I don't think it would be smart to post them, even as a joke! 

This does not surprise me, since it is where the headquarters of the ECB is also located, as Lucius said, and it is no coincidence.

If you would take it by where it should have been headquartered normally it would have been Koln not Frankfurt, Zoll, the german FIU or Finance intelligence unit which will be a part of this AMLA is located there , the Europeans FIU headquarter is in Hague so this will be another one of those funny things like in the Asterix and Obelix when they rush from one window to another to get a permit.