On 11. 12.2024, two educational institutions of repute Rashtriya Raksha University, An institution of National Importance, Ministry of Home Affairs, Government of India in collaboration with Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, launched the Master in Financial and Economic Crimes.

Economic and financial security form the bedrock of a nation’s stability, safeguarding its resources, financial systems, and public trust from the relentless threats of fraud, money laundering, and cybercrime and many. In today’s fast-paced global economy, financial crimes are becoming increasingly sophisticated, demanding an urgent and strategic, multidisciplinary response. The call of the hour is to cultivate a highly skilled workforce armed with cutting-edge investigative tools, robust legal expertise, and advanced technological capabilities to combat these challenges head-on. Strengthening global alliances, fortifying regulatory frameworks, and harnessing the power of emerging technologies are pivotal to defending economic integrity and driving sustainable growth. Rashtriya Raksha University (RRU) and the Indian Institute of Corporate Affairs (IICA) have pledged to lead this charge, standing as unwavering beacons in the mission to secure financial stability and uphold economic integrity.

In line with this the two educational epitomes, RRU in collaboration with IICA launched the Master in Financial and Economic Crimes especially for the working professionals. This program offers a comprehensive curriculum that equips participants with advanced knowledge and practical skills to tackle financial crimes. It provides a global perspective on legal frameworks and emerging technologies, enhancing investigative and analytical capabilities. With a blended learning approach and real-world exposure, graduates are prepared for leadership roles in law enforcement, regulatory bodies, and the financial sector. The program also offers valuable networking opportunities and access to an esteemed alumni community, empowering professionals to safeguard economic stability and integrity.

The press meet was graced by the presence of Ms. Deepti Gaur Mukherjee, Hon’ble Secretary, Ministry of Corporate Affairs (MCA), Government of India. Ms. Mukherjee emphasized that RRU's collaboration with IICA in launching the MFEC program is a perfect synergy, addressing the critical intersection of national security and economic crimes. She highlighted the challenges posed by evolving financial crimes, citing the example of UPI, and stressed the need for regulators to stay ahead. She praised the comprehensive scope of the course and expressed optimism about its impact, congratulating the team for their efforts. As a part of suggestion of Ms. Mukherjee, she asked the two collaborating institutes to send the dissertations of the participants so that MCA utilise for them for finding the possible solutions to the complex problems.

Then Prof. (Dr.) Bimal Patel, Hon’ble Vice Chancellor, Rashtriya Raksha University, began by highlighting that the MFEC is a first-of-its-kind course offered by RRU and IICA, aimed at providing both national and international opportunities. He emphasized that the program is a national initiative, contributing to the skilling of professionals in the financial, economic, and regulatory sectors, including the Ministry of Corporate Affairs, ED, NIA, RBI, SEBI, and IRDA. Aligning with the National Education Policy (NEP), he stressed the importance of academic institutions in addressing societal needs. The MFEC, curated to perfection, will feature global faculty and rigorous modules, with case studies relevant to government objectives. He concluded by noting that RRU and IICA’s efforts contribute to India's growth and the vision of a "Viksit Bharat." Prof. Bimal also announced the launch date for the program that is around mid-February 2024

Following this, media personnel posed a series of insightful questions to Prof. (Dr.) Bimal Patel, seeking a deeper understanding of the nuances of the MFEC program, ranging from eligibility criteria to career opportunities. Prof. Patel responded to each query with great detail, outlining the program's comprehensive structure, the diverse skill sets it aims to impart, and the broad career prospects it offers in both public and private sectors. He highlighted how the MFEC aligns with global best practices and equips participants to tackle emerging challenges in economic and financial crimes. Prof. Patel also emphasized the program’s role in shaping future leaders who can drive positive change in India's financial landscape and contribute to national security.

In his closing remarks, Prof. (Dr.) Naveen Sirohi, Head, School of Finance and Management, Indian Institute of Corporate Affairs emphasized the critical need for the MEFC program, describing it as a dream project for both Rashtriya Raksha University and the Indian Institute of Corporate Affairs, which is now coming to fruition. He highlighted the exemplary working ethics of both institutions, noting that they are leaders in their respective fields. Prof. Sirohi further emphasized how their collaboration is bringing together the best minds in the domains of finance and economics to address pressing global challenges. He expressed confidence that the MEFC program would play a pivotal role in shaping the future of economic and financial security, positioning India as a global leader in combating financial crimes.

After this there was an interview of Prof. Patel after which the program ended.

About RRU: Rashtriya Raksha University is an Indian central university and an Institute of National Importance located in Gandhinagar, Gujarat. RRU specializes in national and internal security and police.

About IICA: The Indian Institute of Corporate Affairs is a central civil service training institute under the administrative control of Ministry of Corporate Affairs, Government of India for the central civil servants of the Indian Corporate Law Service cadre.

 

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