As part of a unified commitment to counter corruption and money laundering, BRICS countries reaffirmed their dedication on Saturday to the goals of 'effectively identifying, detecting, and preventing money laundering schemes' and strengthening digital financial security. This includes preventing fraud in cross-border payment systems.
For the first time, this group emphasized the need to create a mechanism for the extradition of fugitives between member states, as well as initiating measures to recover assets from such criminals.
It was noted that the use of cryptocurrencies and other virtual assets by these networks negatively affects economic stability, sustainable development, and the integrity of the international financial system.