McGrath wants Ireland to host EU  Anti-Money Laundering Authority

The Amla will be tasked with the supervision, either directly or jointly with national supervisors, of entities in the financial services sector and eventually also in the non-financial sector.

Minister for Finance Michael McGrath: 'Locating Amla in Ireland can benefit the authority.'

Minister for Finance Michael McGrath said he will declare interest to have the EU's new Anti-money Laundering Authority, or Amla, based in Ireland.

“Locating Amla in Ireland can benefit the authority, as it would have close proximity to a range of entities from which it can learn what’s needed to develop its operational expertise,” said Mr McGrath.