The BRICS nations, led by Russia during its current presidency, virtually conducted the initial meeting of their Council on Combating Money Laundering and Financing of Terrorism (AML/CFT), as reported by TV BRICS.
The purpose of the meeting was to strengthen the national anti-money laundering systems and explore further joint measures to enhance financial security. The attendees deliberated on schemes to boost financial system transparency, establish more robust public-private partnerships, and involve young people in financial security efforts.
During the event, they considered various projects, such as the International Risk Assessment Centre, the Transparent Blockchain tool for cryptocurrency analysis, and the International Financial Security Olympiad.
According to German Neglyad, the State Secretary and Deputy Director of the Federal Financial Monitoring Service, “Expanding the council will significantly benefit the anti-money laundering systems of member countries.”
The participants are confident that the council’s decisions will have an impact and contribute to the implementation of the BRICS Economic Partnership Strategy 2025, particularly in guaranteeing transparent financial settlements.
