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BRICS Members Call For Cooperation To Combat Digital Fraud, Push Coordinated AI Rules

BRICS Members Call For Cooperation To Combat Digital Fraud, Push Coordinated AI Rules
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: Outlook Money | Original Published At: 2026-09-14 09:04:47 UTC

Key Points

  • The 18th BRICS Summit concluded in New Delhi on September 13, with all 11 BRICS member states adopting the New Delhi Declaration.
  • BRICS members expressed grave concern over cross-border cybercrime and scam compounds that misuse digital technologies, payment infrastructure, and vulnerable people.
  • The declaration calls for cooperation among law enforcement agencies, financial intelligence units, tax and customs authorities, and supervisory bodies to dismantle criminal networks.
  • Telecom providers and technology platforms are asked to use data analytics to detect fraud, improve information sharing, and disrupt money laundering earlier.
  • BRICS leaders acknowledged efforts to settle trade in local currencies but noted that there is no one-size-fits-all approach.
  • The creation of the BRICS Central Bank Hub was welcomed for capacity building, financial sector resilience, and annual cybersecurity exercises.
  • The declaration promotes implementation of the BRICS Leaders’ Statement on the Global Governance of AI and emphasizes keeping emerging economies and the Global South central to AI cooperation.
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