BRICS resolve for joint mechanism to extradite fugitives

Source: Times of India | Original Published At: 2026-09-12 17:48:00 UTC

Key Points

• BRICS member nations reiterated their commitment to effectively identify, detect and disrupt money laundering schemes.
• The grouping emphasized digital financial security, including prevention of fraud in cross-border payment systems.
• BRICS for the first time highlighted the need for a mechanism to extradite fugitives from each other's countries and initiate asset recovery.
• The declaration welcomed the establishment of a BRICS Expert Network on Asset Recovery and a repository for tracing fugitive offenders sought for corruption.
• Members pledged cooperation in combating corruption and continued implementation of the UN Convention against Corruption.
• The declaration expressed concern over illicit financial flows, including terrorism financing, trafficking, drug-related proceeds and misuse of cryptocurrencies and virtual assets.
• BRICS raised concern over organized scam networks and scam compounds exploiting digital technologies and vulnerable individuals, calling for coordinated action to dismantle them and protect victims.