BRICS Countries to Coordinate Action Against Cross-Border Scam Networks

Source: Outlook Money | Original Published At: 2026-09-13 07:01:40 UTC

Key Points

• The 18th BRICS Summit was held in New Delhi, India, on September 12-13, 2026.
• BRICS countries expressed concern over organised scam networks, cross-border fraud operations, scam compounds, and misuse of digital payment systems.
• The New Delhi Declaration called for coordinated international action to dismantle illegal networks, trace and recover criminal proceeds, and protect victims.
• BRICS countries warned that illicit financial flows, money laundering, illegal virtual asset flows, and financial fraud can affect economic stability and the integrity of the international financial system.
• The declaration stressed stronger cross-border cooperation among customs authorities, financial intelligence units, law enforcement agencies, tax authorities, supervisory bodies, telecommunication providers, and technology platforms.
• BRICS countries emphasized information-sharing, risk-based approaches, data analytics, and capacity-building to identify, detect, and disrupt money laundering schemes.
• The declaration encouraged enhanced cooperation to strengthen digital financial security and prevent fraud in cross-border payment systems.