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Current Affairs & GKThe Hindu5 June 2026
India hosts inaugural meeting of BRICS's expert network on asset recovery
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📌 Summary:
- The Enforcement Directorate (ED) hosted (June 2) the inaugural meeting of the BRICS Expert Network on Asset Recovery under the Anti-Corruption Working Group, during India's 2026 BRICS presidency
- ED Director Rahul Navin called asset recovery the central pillar of modern anti-corruption and financial-crime enforcement
- The Chair called for stricter alignment with Financial Action Task Force (FATF) guidance on asset recovery and inter-agency cooperation
🎯 UPSC Relevance: GS2/GS3 — international cooperation against money laundering and financial crime; India's BRICS presidency; role of the ED and FATF.
📝 Prelims Facts:
- India holds the 2026 BRICS presidency
- New body: BRICS Expert Network on Asset Recovery (under the Anti-Corruption Working Group)
- ED Director: Rahul Navin; FATF sets global anti-money-laundering standards
🔑 Key Term: Asset recovery — the legal process of identifying, freezing and repatriating the proceeds of crime or corruption.
BRICSEDFATFasset recoveryanti-corruption
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