BRICS Declaration Vows Cooperation to Dismantle Cross-Border Scam Networks

Source: Daily Excelsior | Original Published At: 2026-09-12 14:28:57 UTC

Key Points

• BRICS countries expressed serious concern over organised scam networks, cross-border fraud operations, and scam compounds in the New Delhi Declaration adopted at the BRICS Summit.
• The declaration called for coordinated international action to dismantle criminal infrastructure, recover illicit proceeds, protect victims, and prevent financial institutions from being misused.
• BRICS member states recognised that exploitation of digital technologies, payment systems, virtual assets, and regulatory gaps can threaten economic stability and international financial integrity.
• The declaration proposed enhanced cross-border intelligence sharing among customs authorities, financial intelligence units, law enforcement agencies, tax authorities, and regulatory bodies through existing BRICS working groups.
• It highlighted broader illicit financial threats, including terror financing, firearm trafficking, human trafficking, money laundering, corruption, and illegal virtual asset flows.
• BRICS pledged deeper collaboration with telecommunications providers and technology platforms, using data analytics, capacity building, and a risk-based approach to disrupt money-laundering schemes.
• Member countries were urged to strengthen digital financial security and prevent fraud in cross-border payment systems.