Letter to the South African presidency on the occasion of the 10th BRICS Summit, July 2018
July 27th, 2018
Submission Date: 26 July 2018
The FTC was encouraged to see the adoption of the mandate to curb illicit financial flows last month at the BRICS Tax and Customs meeting. In this regard, we submitted a letter to share some policy recommendations for a unified strategy against illicit financial flows ahead of the 10th BRICS Summit, under the South African presidency held in Johannesburg on the 25th -27th July. In this communication, the FTC urged the BRICS nations to adopt a progressive and well-rounded definition of illicit financial flows that truly reflects the abusive impact on human rights in the context of developing countries and emerging economies.