MFEC Founding Batch Visits EAC-PM; "Economic Security Insights" Quarterly Newsletter Launched

📌 Summary:

• 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) as part of its Campus Immersion Programme
• MFEC 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)
• It is India's first specialised postgraduate programme on financial and economic crimes, focused on prevention, detection, investigation and prosecution of financial offences in support of Viksit Bharat
• Discussions with EAC-PM Chairman Prof. S. Mahendra Dev covered financial frauds, money laundering, illicit financial flows, cyber-enabled financial crimes and broader economic-security challenges
• A key highlight was the launch of the quarterly newsletter "Economic Security Insights" as a knowledge platform on financial integrity, regulatory developments and emerging risks
• Speakers stressed a whole-of-nation approach with coordination among government, regulators, industry, academia and international partners to strengthen economic resilience

🎯 UPSC Relevance: GS3 — Money laundering, illicit financial flows, economic security and capacity-building; institutional coordination against financial crime.

📝 Prelims Facts:

• MFEC is jointly run by IICA (Ministry of Corporate Affairs) and Rashtriya Raksha University (Ministry of Home Affairs)
• EAC-PM is chaired by Prof. S. Mahendra Dev
• "Economic Security Insights" is a quarterly newsletter launched by EAC-PM

🔑 Key Term: Economic Security — protection of a nation's financial system and economic interests from threats such as money laundering, illicit financial flows and cyber-enabled financial crime.