The European Union chooses Frankfurt as the headquarters of the anti-money laundering agency. Madrid has lost the race in which it was competing with eight other cities.
In the last round, with 54 votes at stake (27 from the Council and 27 from Parliament), Frankfurt has achieved 28. Paris and Madrid, following this last aspect, had more weight due to their experience in the fight against money laundering. But in the end it is politics, pure politics. And few have more than Germany. The city of Hesse was the bet for the governments, since the HQ of the European Central Bank is located there.