RBS carbon traders found by UK court to have knowingly facilitated EU ETS tax fraud

Published 17:50 on March 10, 2020  /  Last updated at 14:42 on March 20, 2020  /  Bavardage, EMEA, EU ETS  /  No Comments

British bank RBS and its commodities trading division have been found liable for dishonestly assisting and knowingly facilitating tax fraud linked to the EU ETS after two emissions traders at the subsidiary ignored obvious risks, a UK High Court ruled Tuesday.

British bank RBS and its commodities trading division have been found liable for dishonestly assisting and knowingly facilitating tax fraud linked to the EU ETS after two emissions traders at the subsidiary ignored obvious risks, a UK High Court ruled Tuesday.

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