Bengaluru —14 February 2025: In a significant step toward addressing the pressing issues of financial and economic crimes, Rashtriya Raksha University (RRU) and the Indian Institute of Corporate Affairs (IICA) have jointly held an interactive session to create awareness about the Masters in Financial and Economic Crimes (MFEC) program. The session was held at the National Stock Exchange Headquarters located in BKC, Mumbai.
Program Overview:
The MFEC is designed to tackle the multifaceted challenges posed by financial and economic crimes through a comprehensive multidisciplinary approach. This innovative program integrates essential fields such as law, finance, technology, and policy to equip professionals with the necessary skills to combat these crimes effectively. This one year program is for working professional that shall run through hybrid mode.
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Event Highlights:
This event fosters significant engagement among key financial and economic stakeholders, featuring Dr. Bimal Patel, Vice-Chancellor of RRU, Mr. Rohit Jain, Executive Director, Reserve Bank of India, Mr. V S Sundaresan, Executive Director, Securities and Exchange Board of Indi, Dr. Neeraj Gupta, Head SoF&M, IICA, along with other industry leaders, were present to discuss the critical importance of preventing financial and economic crime for both national and global financial security. The gathering emphasizes the program’s importance in promoting collaboration among regulatory agencies, law enforcement entities, and financial institutions. Through a series of panel discussions, presentations, and interactions with stakeholders, the event highlights the critical need for a coordinated strategy to address financial crimes and to develop a secure, compliant, and resilient financial ecosystem.
Role in Awareness Generation:
The interactive session of this program underscores the critical impact, that financial and economic crimes have on both national and global economic stability. By emphasizing knowledge dissemination regarding compliance, regulatory frameworks, and global best practices, the MFEC aims to combat various forms of crime, including money laundering, cyber fraud, and corporate fraud.
Through this initiative, RRU and IICA are committed to training a new cadre of experts who will be instrumental in enhancing public and organizational awareness about these pressing issues. The program seeks not only to educate but also to empower professionals with the tools needed to navigate and mitigate risks associated with financial misconduct.
The interactions among stakeholders are designed to enhance partnerships between law enforcement agencies, regulatory bodies, and financial institutions, promoting collaboration and knowledge sharing.
Vision and Goals:
The objective is to foster the development of a resilient and robust financial ecosystem in India, in alignment with the national ambition of achieving a $30 trillion economy by the year 2047.
Additionally, the aim is to enhance the skills of professionals across both government and private sectors, equipping them for leadership positions in the fight against economic crimes.
Global Perspective:
The program incorporates international frameworks and emphasizes collaboration with global organizations such as FATF, INTERPOL, and the Asia-Pacific Group on Money Laundering to effectively tackle cross-border financial crimes. This initiative highlights the critical need for cooperation among financial and economic stakeholders to establish a secure and prosperous economic future.
As we move forward in an increasingly complex financial landscape, initiatives like the MFEC are vital for fostering a culture of compliance and integrity within organizations. This program represents a proactive approach to safeguarding our economy from the detrimental effects of financial crimes.
The introduction of a Master’s Program in Financial and Economic Crimes at Rashtriya Raksha University marks a proactive approach towards addressing the rising tide of financial fraud. By equipping future professionals with specialized knowledge and skills, RRU aims to strengthen India’s capacity to combat economic offenses effectively.
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