Cabinet signs off on Ireland’s bid to host new anti-money laundering body

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Cabinet signs off on Ireland’s bid to host new anti-money laundering body
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The country faces stiff competition from around 10 other EU states, including Austria, Belgium, France, and Germany

Cabinet has signed off on Ireland’s bid to become the location of the EU’s new Anti-Money Laundering Authority.

The new body is being established to counter money laundering and financial terrorism across the European Union with Ireland’s bid expected to be lodged by Friday. The country faces competition from around 10 other EU states, including Austria, Belgium, France, Germany, Italy, Latvia, Lithuania, and Luxembourg.

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