The event commenced with the introduction of esteemed members, followed by a special felicitation of Mr. K Rajaraman, Chairman of the International Financial Services Centres Authority (IFSCA), by Prof. (Dr.) Bimal Patel, Vice Chancellor of Rashtriya Raksha University (RRU). The event entailed discussion on the collaborative initiative of launching of first of its kind- one-year hybrid program “Masters in Financial and Economic Crimes (MFEC)” by Rashtriya Raksha University (RRU) an Institution of National Importance, Ministry of Home Affairs and Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs.

Prof. (Dr.) Bimal Patel, VC, RRU discussed the significance of dispute settlement and economic security in our nation and therefore the need for launching this program. He further elaborated that this program is the culmination of nearly one and a half years of discussions with FEA and LEA regulators on financial and economic security. With strong support from these regulators and various ministries, the program has been launched specifically for working professionals. The module has been meticulously curated by officers from various ministries, law enforcement agencies, and seasoned academicians to align with the evolving needs of working professionals and equip them with the latest best practices to prevent financial and economic crimes. Dr. Patel also emphasized that each participant enrolling in this program would be assigned a student research associate for continuous assistance. In return, these students would gain the valuable opportunity to work alongside highly experienced professionals, creating a mutually beneficial learning experience.

He further added that after the live classes, participants would receive recorded lectures, allowing them to revisit the material anytime and ensuring continuous learning. Towards the end, he emphasized the critical need for financial and economic security in almost every domain of life from corporate world to Maritime domain . He also highlighted key initiatives undertaken by RRU, such as the Bharat National Cyber Security Exercise, various MoUs signed by the university, and the launch of new courses, including a specialized program in actuarial science.

After that Dr. Neeraj Gupta, Head, School of Finance and Management, IICA spoke, he started with a brief about the role of IICA, its autonomous nature, and connectivity to Ministry of Corporate Affairs and Security Exchange Board of India. He highlighted how IICA works on regulatory framework, corporate governance and public-private partnership enterprises. Instances of money is being misappropriated and need for combat mechanisms were discussed by him. He suggested that this issue can only be effectively addressed through collaborative efforts between investigative and regulatory agencies. He also emphasized the crucial role of information sharing in preventing financial and economic crimes, along with the importance of timely reporting of red flags. Therefore, he stressed the need to equip officers and personnel with these essential skills, further reinforcing the significance of the MFEC program.

The speeches were followed by an interactive session wherein a number of topics were discussed. This included the fee structure, type of case studies during the course, customization of the program for each individual, resource materials, tools and much more. The discussion yielded the conclusion that the program is aimed at bridging the gap between practitioners and academicians through a properly dedicated module and course layout which focuses practical learning. The stance of RRU on blockchain and cryptocurrency and data sharing arrangements through MOUs were also discussed.

The event concluded with a message from Mr. K. Rajaraman, Chairman of IFSCA, who emphasized the need to delve deeper into key areas related to cybersecurity and cryptocurrency, conducting international workshops for cross-border crimes and collaborations with international bodies for combatting cross jurisdictional financial crimes. He also recommended various financial institutions to visit RRU and be a part of this journey in combatting financial and economic crimes in India as well as across the world. Strengthening financial and economic security is not merely a national goal but a global necessity. Through this program, RRU, in collaboration with IICA, aims to bridge the gap between regulatory authorities, investigative agencies, and academicians, ensuring that the fight against financial crimes becomes sharper, smarter, and better equipped with trained professionals.

About Rashtriya Raksha University:

Rashtriya Raksha University is a premier institution established by the Government of India with a mission to provide high-quality education and training in various aspects of security and law enforcement. Located in Gandhinagar, Gujarat, RRU focuses on developing skilled professionals who can address contemporary challenges in national security.

The university offers a range of programs tailored for police personnel, including specialized diplomas, undergraduate degrees, and postgraduate courses. By fostering an environment of academic excellence and practical training, RRU aims to strengthen the effectiveness of India’s policing and national security system.

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