ITEC Training Creates Global Connections Against Financial Crimes: Building Bridges
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ITEC Capacity Building Training Program Ends with a Valedictory Ceremony
After a two-week ITEC Capacity Building Training Program, the Rashtriya Raksha University in Gandhinagar, Lavad, had a magnificent Valedictory Ceremony on 23 July 2024. With the topic “New Frontiers in Combating Financial & Economic Crimes: Towards Global Financial Security,” thirty senior law enforcement and financial security personnel from sixteen African and Asian countries attended the workshop.
Honorable Attendees Enhance the Event
The presence of various notable visitors enlivened the occasion. Among them were Mr. Pravin Sinha (IPS) Retd., Special Secretary of the National Security Council Secretariat and Member of the INTERPOL Executive Committee; Mr. Viraj Singh, Additional Secretary, Ministry of External Affairs, Government of India; Mr. Mohamed Najeel, Chargé D’Affaires, High Commission of the Maldives; Mr. Ahmad Tijani Olayiwola Lawal, Minister Counsellor, Head of Political Affairs, Nigeria High Commission, New Delhi; Dr. Shishir Kumar Gupta, Registrar, Rashtriya Raksha University; and Mr. Sushil Goswami, University Dean, Rashtriya Raksha University.
All-inclusive Training Course
The goal of the ITEC training program was to give participants academic and practical skills for preventing financial crimes. Ms. Nomita Mishra, an assistant professor of law, reported on the event and included information about the various training modules. Thirty-one resource people gave lectures on a variety of topics as part of the program. These included money laundering, organized crime, financing of terrorism, cyber security, financial crimes, forensic accounting, human trafficking, probity in public procurement, and the effect of shell firms on financial security. The training approach combined case study analysis with theoretical lectures to provide participants with a comprehensive understanding of these important topics.
Memorandum of Understanding Signature
The signing of a Memorandum of Understanding (MoU) between Rashtriya Raksha University NSE IX and NSEICC was a noteworthy feature of the program. By incorporating cutting-edge information and experience from these prestigious institutions, this Memorandum of Understanding seeks to promote cooperation and improve the training program’s efficacy.
Perspectives from Skilled Experts
Mr. Pravin Sinha gave significant insights into the challenges encountered by law enforcement organizations by sharing his vast experience in financial fraud investigations. He emphasized the difficulties brought about by various legal systems, rules, and practices—things that criminals frequently take advantage of. Mr. Sinha underlined the vital necessity of efficient law enforcement agency collaboration and the significance of both official and informal avenues of contact. He emphasized that prompt response and communication are essential and strongly rely on member nations’ degree of trust in one another. Initiatives such as the ITEC Capacity Building are essential to building this trust and strengthening international collaboration.
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Speech of Farewell by Mr. Viraj Singh
In his farewell speech, Mr. Viraj Singh emphasized the historical significance of the ITEC Program, which had its start in the early 1960s. He mentioned that the program’s goal is to help India’s partner developing nations enhance their human potential. Mr. Singh complimented the participants on finishing the course successfully and emphasized that the knowledge they had acquired would not only help them personally but would also empower others back home. In today’s interconnected world, he emphasized the increasing significance of preventing financial crimes and the role that these kinds of training programs have in attaining global financial security.
Experiences and Testimonials of Participants
At the ceremony, attendees gave thanks to the organizers at Rashtriya Raksha University as well as the Indian Ministry of External Affairs for sharing their experiences. They talked about how the training was thorough and comprised both theoretical and practical elements. The importance of understanding international best practices for preventing financial crimes was emphasized by the participants, who claimed that having this knowledge would greatly improve their capacity to battle financial crimes in their home nations.
Giving Out Certificates
The participants also received their certificates during the ceremony. The two-week training session came to an end when the certificates were distributed by the dignitaries in attendance. This moment, which represented the participants’ commitment and hard work as well as the support of the organizers and trainers, made everyone involved proud.
Vote of Thanks
The concluding vote of gratitude was given by Dr. Dimple T. Raval, Director of Rashtriya Raksha University’s School of Criminal Law and Military Law. She thanked the resource people for their thought-provoking talks on financial and economic crimes. Additionally, Dr. Raval expressed gratitude to the International Cooperation and Relations Branch for their assistance during the training course. She expressed her gratitude to the Indian government’s Ministries of External Affairs and Home Affairs for their important assistance.
The Impact of the ITEC Training Program
The participants have benefited greatly from the ITEC Capacity Building Training Program, which has given them the information and abilities necessary to successfully tackle financial and economic crimes. The program’s all-encompassing methodology, which blends academic understanding with hands-on instruction, has equipped these officers to execute optimal methodologies within their nations.
Creating a Professional Network
The creation of a global network of professionals is one of the training program’s main achievements. Participants can continue to communicate and work together through this network, sharing experiences and information even after the program has ended. These kinds of networks play a critical role in promoting international collaboration in the battle against financial and economic crimes.
upcoming prospects
This training program’s success emphasizes how crucial it is to keep funding capacity-building projects. Based on this foundation, future programs might use participant input to further improve the training experience. Such programs can stay relevant and successful by regularly upgrading the curriculum to reflect new developments and difficulties in financial security.
The ITEC Capacity Building Training Program’s Valedictory Ceremony was a fitting cap to an effective and worthwhile two weeks of instruction. Along with giving participants useful knowledge and skills, the program promoted international trust and collaboration. The knowledge and skills participants gain from this experience enable them to effectively combat financial and economic crimes when they return home. This training program is evidence of the value of human capital investment and the strength of teamwork in achieving global financial security.
