The Economic Advisory Council to the Prime Minister (EAC-PM) hosted participants from the founding batch of the Master's in Financial and Economic Crimes (MFEC) programme as part of their Campus Immersion Programme. The interaction included discussions on economic security, financial crime mitigation, and emerging threats to India's financial ecosystem, with attendance from Prof. S. Mahendra Dev (Chairman, EAC-PM), Dr. K.K. Tripathi (Joint Secretary, EAC-PM), and Dr. Sri Vatsa Sehra (Joint Director, EAC-PM).
Discussions focused on specific financial crime areas including financial frauds, money laundering, illicit financial flows, and cyber-enabled financial crimes. Participants engaged with policymakers on the growing sophistication of these crimes and the need for technology-driven, collaborative, and multidisciplinary approaches to tackle emerging risks. Prof. Mahendra Dev emphasized the importance of strengthening institutional capabilities, enhancing regulatory coordination, and promoting evidence-based policymaking to safeguard national economic interests.
A key outcome was the formal launch of the quarterly newsletter 'Economic Security Insights' by EAC-PM leadership, Prof. Naveen Sirohi (Programme Director of MFEC and Head of School of Finance & Management at IICA), and MFEC participants. The publication is designed to serve as a knowledge platform for advancing discourse on economic security, financial integrity, regulatory developments, emerging risks, and policy responses relevant to India's economic resilience.
The MFEC programme represents India's first specialized postgraduate program in financial and economic crimes, jointly offered by the Indian Institute of Corporate Affairs (under Ministry of Corporate Affairs) and Rashtriya Raksha University (an Institution of National Importance under Ministry of Home Affairs). The program aims to develop professionals from law enforcement agencies, regulatory bodies, financial institutions, corporate organizations, and the legal fraternity with expertise in prevention, detection, investigation, and prosecution of financial offences, supporting the vision of Viksit Bharat.