• BRICS countries to launch open electronic database on member anti-corruption activities
• Russia chaired 2024 working group, formulated joint action plan on asset recovery
• Database aims to preserve legacy and inform public about bloc's anti-corruption work
• UN event in Doha to focus on private sector anti-corruption measures

BRICS countries plan to launch an open electronic database on member states' anti-corruption activities, Russian Deputy Foreign Minister Dmitry Lyubinsky told TASS on December 15.

Russia appears to be leading a rush to create a parallel legal and banking structure to the Western systems in recent months previously announcing a push to trade in local currencies and potentially launching a new currency for the BRICS countries.

"In the near future, an open electronic database on BRICS activities in the anti-corruption direction will appear, which will allow the general public to familiarise themselves with it and preserve the legacy accumulated by the association in this area," Lyubinsky said on the sidelines of the 11th session of the Conference of States Parties to the UN Convention against Corruption in Doha.

The diplomat noted that Russia is "energetically working on developing anti-corruption cooperation based on the convention and on other relevant multilateral platforms", the most important of which is the BRICS Anti-Corruption Working Group.

Under Russia's chairmanship in 2024, the group "formulated a common vision and plan of joint action for asset recovery", he said.

Lyubinsky added that a special BRICS event on stimulating the private sector to adopt anti-corruption measures would take place on the sidelines of the conference in Doha.

The deputy minister said Russia remains a "responsible member of the international community" and is ready for constructive interaction whilst taking into account the interests of all parties.

Moscow attaches great importance to participation in anti-corruption formats of the Group of Twenty, Asia-Pacific Economic Cooperation and the Commonwealth of Independent States, as well as joint projects with the UN Office on Drugs and Crime.

The 11th session of the Conference of States Parties to the UN Convention against Corruption is being held in Doha from December 15 to December 19.

In the EU, centralised bank account registers, beneficial‑ownership registries and the emerging EU AML Authority give regulators extensive visibility over accounts and transfers.

In the US, FinCEN’s Bank Secrecy Act infrastructure and the new beneficial‑ownership registry similarly centralise transfer and ownership information behind the scenes.