RRU’s New Program to Train India’s Future Financial Crime Fighters

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Synopsis of the Article 

• Rashtriya Raksha University (RRU), under the Ministry of Home Affairs, introduced a new hybrid Master’s program in Financial and Economic Crimes (MFEC) for working professionals.

• The program was launched in collaboration with the Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs.

• The media engagement event took place in Bengaluru on March 24, 2025.

• Mr. George Mathew, Deputy Director at PIB, was felicitated during the event.

• Professor (Dr.) Bimal N. Patel, Vice-Chancellor of RRU, addressed the media and shared the significance of the MFEC program.

• Dr. Patel emphasized the need for experts to combat financial crimes, highlighting the use of cutting-edge technologies and expert faculty.

• The program aims to build a dedicated cadre of professionals safeguarding the financial ecosystem.

• Dr. Neeraj Gupta from IICA shared the growing challenges in financial crimes and how MFEC will address them.

• Dr. Kaveri Tandon provided insights into the Shivamogga Campus offerings.

• The event concluded with a Q&A session.

In a major step towards strengthening India’s fight against financial crimes, Rashtriya Raksha University (RRU), an Institution of National Importance under the Ministry of Home Affairs, introduced a unique educational program designed especially for working professionals — the Master’s in Financial and Economic Crimes (MFEC). This first-of-its-kind hybrid program was launched on March 24, 2025, in Bengaluru, in collaboration with the Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs.

The event started on a warm note with the felicitation of Mr. George Mathew, Deputy Director at the Press Information Bureau (PIB), who was recognized for his contributions to media and communication.

The highlight of the event was the detailed address by Professor (Dr.) Bimal N. Patel, Vice-Chancellor of RRU. Speaking to the media, Dr. Patel explained the core vision of the MFEC program. He said this program is not just an academic course but a much-needed national initiative. As India’s economy continues to grow at a rapid pace, the risks and complexities of financial and economic crimes are also increasing.

He explained that the true beneficiaries of this program are the common citizens of India. “When our financial systems are protected, every individual striving for growth and prosperity benefits. Economic stability is the backbone of both individual success and national progress,” Dr. Patel said.

The MFEC program is carefully designed to equip working professionals with the knowledge and skills needed to prevent, detect, and control financial crimes. The program offers a perfect blend of academic learning and practical exposure. Participants will learn from top faculty members, industry experts, and professionals working in the field.

Dr. Patel proudly shared that participants will also get access to advanced investigative tools and cutting-edge technologies, making this program truly special. He stressed that India needs a dedicated team of well-trained financial crime practitioners to safeguard our economy from threats like money laundering, fraud, cyber financial crimes, and economic offenses.

Talking about the global economic scenario, Dr. Patel said that the world, especially the Global South, is changing rapidly. Shortly, countries and companies that fail to protect their financial systems will find it hard to survive. Programs like MFEC are timely and critical for building a secure financial ecosystem.

Dr. Patel also took the opportunity to thank the Hon’ble Home Minister, Mr. Rajesh Goyal, and the Government of Karnataka for supporting this crucial initiative. He gave an overview of other academic programs and the various RRU campuses working tirelessly to contribute to the nation’s internal security and governance.

Adding more depth to the event, Dr. Neeraj Gupta, Head of the School of Finance & Management at IICA, shared his thoughts on the growing challenges in the financial world. He spoke about the increasing complexity of financial crimes and how the MFEC program is designed to help professionals tackle these issues efficiently.

Dr. Gupta highlighted that financial crimes are no longer limited to traditional methods but are evolving with technology, posing new challenges every day. Therefore, building a strong pool of experts in this field is the need of the hour.

Dr. Kaveri Tandon, Director (I/C) of RRU’s Shivamogga Campus, also addressed the gathering. She provided detailed insights into the course offerings and world-class facilities at the Shivamogga campus.

The event concluded with an interactive Q&A session, where media representatives raised several important questions about the course, its impact, and prospects. The panel patiently addressed every query, leaving everyone impressed with the clarity and vision behind the program.

With the launch of this landmark MFEC program, Rashtriya Raksha University has once again proved its commitment to empowering the nation with knowledge and expertise in crucial areas of national security and economic integrity. This program is expected to set new benchmarks in financial crime education and contribute significantly towards building a safer and stronger financial system for India.

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