India hosts inaugural meeting of BRICS’s expert network on asset recovery

The Enforcement Directorate (ED) on June 2 organised the inaugural meeting on the BRICS’s expert network on asset recovery, marking a significant milestone within the Anti-Corruption Working Group under India’s 2026 BRICS presidency, the agency said on Thursday (June 4, 2026).

Asset recovery is the central pillar of modern anti-corruption and financial crime enforcement, Rahul Navin, Director, ED, said, welcoming global delegates. The Chair called for stricter alignment with the Financial Action Task Force’s guidance for asset recovery and inter-agency cooperation.

“Sharing India’s robust enforcement track record under the Prevention of Money Laundering Act (PMLA), 2002, the Director highlighted the ED’s role in successfully securing assets worth about $25 billion through attachment and freezing measures as well as the restitution efforts of the ED, of assets valuing $6.6 billion to victims and legitimate claimants…,” the ED said.

Deliberations included mutual operational challenges among member countries. An initiative on broader informal cooperation among them with a standard template for sharing information was welcomed. “The members also broadly agreed for a physical meeting to be organised by India in the near future,” the ED said.