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The decision in favour of Frankfurt as the seat of the new EU anti-money laundering authority further enhances Germany’s leading financial centre, according to Bundesbank President Joachim Nagel. “This once again establishes the claim that Frankfurt has as a European financial centre,” he said in the central German city. Frankfurt could “now justifiably say that it is the capital of the euro,” Nagel added. On Thursday, representatives from the EU member states and the European Parliament agreed that the new EU anti-money laundering agency (AMLA) is to be in Frankfurt. Frankfurt beat competitio…

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