Brics leaders vow crackdown on ‘scam compounds’, push for coordinated global rules on AI
Scam networks often use fake investment platforms, romance scams, and fraudulent job offers to defraud victims.
Brics leaders have called for a crackdown on organized digital fraud and the creation of global rules for artificial intelligence during their meeting in New Delhi. The declaration, adopted unanimously by the 11 member countries, expressed concerns over the rise of cross-border scam networks that exploit digital technologies, payment systems, and vulnerable individuals through fake investment platforms, romance scams, and fraudulent job offers.
The leaders called for stronger cooperation between various authorities, including customs, financial intelligence units, law enforcement agencies, tax authorities, and supervisory bodies, to detect and disrupt money laundering schemes earlier. They also emphasized the need for better information-sharing and data analytics among telecommunications providers and technology platforms to identify and prevent cyber fraud.
Regarding AI, the leaders committed to implementing the Brics Leaders' Statement on the Global Governance of Artificial Intelligence, with a focus on safety, reliability, and energy efficiency. They highlighted the potential of AI for economic growth, especially for developing economies, while stressing the importance of ensuring that Global South countries are not left behind in AI development.
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