Recital 8

(8) When selecting the seat of the Authority, the European Parliament and the Council are to ensure that, given the nature of the Authority, its location enables it to fully execute its tasks and powers, to recruit highly qualified and specialised staff, to offer adequate training opportunities for AML/CFT activities, and, where relevant, to closely cooperate with Union institutions, bodies, offices and agencies; and, in order to avoid reputational risks, the European Parliament and the Council are to consider, based on publicly available, relevant and comparable information, such as reports of the Financial Action Task Force (FATF), how ML/TF risks are adequately addressed in the Member State where the seat will be located. In addition, the European Parliament and the Council are to take into account the following criteria for the selection of the Authority’s seat: an assurance that the Authority can be set up on site upon the entry into force of this Regulation; the accessibility of the location; the existence of adequate education facilities for the children of staff members; appropriate access to the labour market, social security and medical care for both children and spouses of staff members; and geographical balance. Considering those criteria, the Authority should have its seat in Frankfurt am Main, Germany.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.