**Executive Summary**
On 20 June 2026, the founding batch of the Master’s in Financial and Economic Crimes (MFEC) visited the Economic Advisory Council to the Prime Minister (EAC-PM) as part of a Campus Immersion Programme. The visit focused on discussing economic security, financial crime mitigation, and the launch of "Economic Security Insights," a new quarterly newsletter. The initiative aims to build a specialized cadre of professionals to support the "Viksit Bharat" vision through enhanced multidisciplinary coordination.
**Key Points / Main Content**
* **MFEC Programme Overview**
* The MFEC is a first-of-its-kind inter-ministerial postgraduate programme jointly offered by the Indian Institute of Corporate Affairs (IICA) and Rashtriya Raksha University (RRU).
* It focuses on the prevention, detection, investigation, and prosecution of financial offenses.
* The curriculum combines academic instruction with practitioner-led sessions, policy engagement, and field exposure.
* **Strategic Discussions at EAC-PM**
* Participants engaged with policymakers on topics including money laundering, financial fraud, illicit financial flows, and cyber-enabled crimes.
* Discussions emphasized the need for technology-driven, collaborative, and multidisciplinary approaches to address the growing sophistication of economic crimes.
* Leadership stressed the importance of evidence-based policymaking and strengthening institutional capabilities to safeguard national economic interests.
* **Economic Resilience and Coordination**
* Speakers advocated for a "whole-of-nation" approach involving coordination between government agencies, regulators, industry, academia, and international partners.
* Sustained investment in research, institutional capacity, and human expertise was identified as a requirement for national economic security.
* **Launch of "Economic Security Insights"**
* The EAC-PM formally launched a quarterly newsletter to serve as a knowledge platform.
* The publication will cover discourse on financial integrity, regulatory developments, emerging risks, and relevant policy responses.
**Impact Analysis**
**MFEC Participants**
* **Impact:** They gain firsthand exposure to policy perspectives on economic governance and a deeper understanding of the complexities of the financial ecosystem.
* **Action Required:** Engage in the Campus Immersion Programme and utilize the multidisciplinary training to address financial and economic crimes in professional practice.
**Government Agencies and Regulators**
* **Impact:** There is an increased focus on inter-ministerial collaboration and the development of a specialized cadre to support regulatory efforts.
* **Action Required:** Enhance regulatory coordination and adopt evidence-based strategies to mitigate emerging financial threats.
**Industry and Academia**
* **Impact:** These sectors are identified as critical partners in a unified approach to economic resilience.
* **Action Required:** Collaborate on research and investment in institutional capacity and human expertise to strengthen the national economic security architecture.
Key Entities Referenced
Master’s in Financial and Economic Crimes (MFEC): India’s first specialized postgraduate program aimed at developing a cadre of professionals to address financial frauds, money laundering, and economic security challenges.
Economic Advisory Council to the Prime Minister (EAC-PM): An advisory body that hosted the MFEC campus immersion and launched a specialized quarterly newsletter to advance discourse on national economic resilience.
Indian Institute of Corporate Affairs (IICA): An organization under the Ministry of Corporate Affairs that jointly offers the MFEC program as an inter-ministerial initiative.
Rashtriya Raksha University (RRU): An Institution of National Importance under the Ministry of Home Affairs that collaborates with IICA to offer the MFEC program.
Economic Security Insights: A quarterly newsletter launched by the EAC-PM to serve as a knowledge platform for financial integrity, emerging risks, and policy responses.
Ministry of Corporate Affairs
Participants of founding batch of Masters in
Financial and Economic Crimes programme Visit
EAC-PM; Quarterly Newsletter on Economic
Security Launched
प्रव तथ: 20 JUN 2026 7:34PM by PIB Delhi
Participants of the founding batch of the Master’s in Financial and Economic Crimes (MFEC) programme
visited the Economic Advisory Council to the Prime Minister (EAC-PM) recently as part of their Campus
Immersion Programme, engaging in discussions on economic security, financial crime mitigation, and
emerging threats to India’s financial ecosystem.
The interaction was attended by Prof. S. Mahendra Dev, Chairman, EAC-PM; Dr. K.K. Tripathi, Joint
Secretary, EAC-PM; and Dr. Sri Vatsa Sehra, Joint Director, EAC-PM. The participants were accompanied
by Prof. (Dr.) Naveen Sirohi, Programme Director of MFEC and Head of the School of Finance &
Management at the Indian Institute of Corporate Affairs (IICA).
The MFEC programme is a first-of-its-kind inter-ministerial initiative jointly offered by the Indian
Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, and Rashtriya Raksha
University (RRU), an Institution of National Importance under the Ministry of Home Affairs. The
programme aims to develop a specialised cadre of professionals equipped to address financial and
economic crimes in support of the vision of Viksit Bharat.
During the interaction, participants engaged with policymakers and experts on issues including financial
frauds, money laundering, illicit financial flows, cyber-enabled financial crimes, and broader economic
security challenges.Discussions highlighted the growing sophistication of financial and economic crimes and underscored the
need for technology-driven, collaborative, and multidisciplinary approaches to tackle emerging risks.
Addressing the participants, Prof. Mahendra Dev shared insights on India’s evolving economic landscape
and stressed the importance of strengthening institutional capabilities, enhancing regulatory coordination,
and promoting evidence-based policymaking to safeguard national economic interests. Deliberations also
focused on vulnerabilities within the financial system and strategies to enhance resilience against
economic threats.
Speakers emphasised that economic resilience requires a whole-of-nation approach involving close
coordination among government agencies, regulators, industry, academia, and international partners,
supported by sustained investments in research, institutional capacity, and human expertise.
A key highlight of the event was the formal launch of the quarterly newsletter, “Economic Security
Insights,” by the EAC-PM leadership, Prof. (Dr.) Naveen Sirohi, and participants of the MFEC founding
batch. The publication is intended 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.
India’s first specialised postgraduate programme in financial and economic crimes, MFEC focuses on
developing expertise in the prevention, detection, investigation, and prosecution of financial offences. The
programme brings together professionals from law enforcement agencies, regulatory bodies, financial
institutions, corporate organisations, and the legal fraternity to foster a multidisciplinary understanding of
financial crime.
Combining academic instruction with practitioner-led sessions, policy engagement, and field exposure, the
programme seeks to strengthen India’s economic security architecture by preparing professionals capable
of addressing the increasing complexity of financial and economic crimes.
The visit to EAC-PM formed an important component of the Campus Immersion Programme, providing
participants with firsthand exposure to policy perspectives on economic governance and reinforcing the
significance of collaborative efforts in combating financial and economic crimes.
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