EU ETS: Detecting, preventing, and fighting money laundering in emissions trading

EU ETS: Detecting, preventing, and fighting money laundering in emissions trading

This is a EU-wide study on the detection of money laundering risks in the European Emissions Trading System (EU ETS). It is based on a survey of companies active in the Union Registry and their authorized representatives.

Six recommendations are derived from the study: (1) software-based analysis of the Union Registry, (2) communication on risk situations and suspicious activity reports, (3) reform of the Union Registry, in particular introduction of a transaction limit for cash payments (4) transparency in the Union Registry via AML-CMS (5) web-based training by national registry administrators, (6) Follow-up survey on the development of the risk situation and of compliance management.