BRICS Summit
Kazan. 22–24 October 2024

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BRICS Council on Anti-Money Laundering and Countering Financing of Terrorism Holds First Meeting

On 7 February the BRICS Council on Anti-Money Laundering and Countering the Financing of Terrorism held its first meeting in 2024 via videoconference.

The meeting participants discussed ways to improve the work of national anti-money laundering systems and further joint measures to ensure financial security.

As part of Russia’s BRICS Chairship, initiatives were presented to increase the transparency of financial systems, minimize risks and threats, strengthen public-private partnerships, and get young people involved in matters concerning financial security. These include such projects as the International Risk Assessment Centre, the Transparent Blockchain cryptocurrency transaction analysis tool, the International Olympiad on Financial Security, the International Compliance Council, and a number of educational initiatives of the International Training and Methodology Centre for Financial Monitoring.

The participants expressed confidence that the BRICS AML/CFT Council can make a significant contribution to the global system of combating money laundering and the financing of terrorism, as well as to the implementation of the Strategy for BRICS Economic Partnership 2025, including the transparency of payments.

The Roscongress Foundation manages the events of Russia’s BRICS Chairship.

Source: Federal Financial Monitoring Service

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