BRICS Launches Public Database for Banking Transactions

To enhance transparency and develop independent digital infrastructure, BRICS member countries are establishing an open electronic database focused on anti-corruption efforts. This platform will enable the public to access and review the block’s activities and achievements in combating corruption.

The database will soon be publicly available and serve as a shared infrastructure for information exchange, presenting implemented projects, and coordinating policies among members. This initiative aligns with BRICS’ overarching strategy to reduce dependence on Western-dominated financial and legal institutions.

In this context, the BRICS Anti-Corruption Working Group has developed a unified vision and a coordinated operational plan to recover assets derived from corruption. Implementing this plan requires advanced technological tools, legal convergence, and streamlined access to data, where the new electronic platform will play a key role.

Furthermore, BRICS plans to organize a specialized event to encourage private sector adoption of anti-corruption standards and mechanisms. This step demonstrates the block’s intent to engage companies and other non-state actors in its digital transparency ecosystem, extending anti-corruption efforts beyond purely governmental interactions.

The initiative also emphasizes readiness for constructive engagement within the framework of the United Nations Convention against Corruption and other multilateral platforms. Active participation in forums such as the G20, APEC, the Commonwealth of Independent States, and joint projects with the UN Office on Drugs and Crime has been highlighted as an ongoing priority.

These developments occur in a global context where the European Union has centralized systems for registering bank accounts and beneficial owners, and the United States has regulatory infrastructures for anti-money laundering. By launching its anti-corruption database, BRICS is moving toward a parallel, IT-based model designed to reflect the multipolar structure and shared interests of its member states.