BRICS Nations Agree to Step Up Vigil Against Terror Financing and Drug Money

Source: Lokmat Times | Original Published At: 2026-09-12 12:59:37 UTC

Key Points

• BRICS countries expressed serious concern over illicit financial flows, including terrorism financing, drug-related money laundering, and illegal virtual asset flows using information and communication technologies.
• The New Delhi Declaration warned that drug-related money laundering, organized financial fraud, and regulatory circumvention can harm economic stability, sustainable development, and the international financial system.
• BRICS members emphasized coordinated action to dismantle illegal networks, trace and recover criminal proceeds, protect victims, and prevent misuse of financial institutions and emerging payment methods.
• The declaration called for enhanced cross-border cooperation among customs authorities, financial intelligence units, law enforcement agencies, tax authorities, and supervisory bodies through existing BRICS working groups.
• BRICS countries supported improved information sharing, risk-based approaches, data analytics, and capacity building to detect and disrupt money laundering schemes involving goods and services.
• The declaration also reaffirmed support for preventing and combating corruption, including continued implementation of the United Nations Convention against Corruption.
• BRICS members welcomed the Guwahati Declaration issued by BRICS Heads of Anti-Drug Agencies to promote operational and technical cooperation among anti-drug authorities.