BRICS Summit proposal: India to push for faster economic fugitive tracking

Source: The Economic Times | Original Published At: 2026-09-07 19:14:00 UTC

Key Points

• India will propose a framework for faster sharing of financial and investigative information among BRICS nations at the upcoming summit under its presidency.
• The proposed framework includes time-bound information exchange, standardized formats, asset recovery mechanisms, technical cooperation, institutional linkages, and a defined legal process.
• Enforcement agencies from BRICS member nations agreed at a pre-summit meeting to facilitate cooperation in tracing fugitives wanted for corruption and economic crime.
• The initiative aims to complement formal mutual legal assistance and extradition processes amid cross-border cases involving fintech platforms and virtual digital assets.
• India is preparing to host the 18th BRICS summit in New Delhi on September 12 and 13, marking 20 years since BRICS was formalized in 2006.
• A BRICS AML/CFT Capacity Building Training Programme will be held at Rashtriya Raksha University in Gandhinagar from September 7 to 11.