The BRICS member countries call for an enhanced dialogue within the association on the issues of money laundering and countering the financing of terrorism as set out in the XVI BRICS Summit Kazan Declaration.
The summit is being held in Kazan, Russia, from October 22 to 24.
“We call for an enhanced dialogue within BRICS on the issues of money laundering and countering the financing of terrorism with the participation of relevant stakeholders,” as provided for in the document of the XVI BRICS Kazan Summit.
As noted in paragraph 49 of the document, BRICS representatives reiterate their commitment to preventing and combating illicit financial flows, money laundering, terrorism financing, drug trafficking, corruption and the misuse of new technologies, including cryptocurrencies, for illegal and terrorist purposes.
"We reaffirm our commitment to the principles of technical and non-politicized nature of international anti-criminal cooperation including for the purpose of preventing and establishing financial traces of these crimes. We note the need to further strengthen such cooperation based on the relevant international legal instruments to which BRICS countries are parties, including relevant UN conventions and resolutions, regional conventions and treaties," as stated in the Declaration.
The document also emphasizes the importance of maintaining a strong and effective global financial security system, reducing the risk of involvement of young people in illegal activities.
Photo: photohost agency brics-russia2024.ru
