IIMB Launches Certificate Programme in Financial Intelligence for CBI Officers

Nidhi Bahl updated on : 30 Jul 2015

Directors of CBI and IIMB address first batch of 30 senior officers investigating financial crimes

IIM Bangalore

IIM Bangalore launched a unique offering – a Certificate Programme in Financial Intelligence and Analytics – for the officers of the Central Bureau of Investigation.

The programme, delivered by senior faculty members mostly from the Finance and Accounting areas of IIMB, seeks to provide CBI officers with knowledge in wide ranging areas of financial management, and financial operations and markets. For practical insights, guest speakers from audit firms, consulting firms, and organizations such as SEBI, RBI etc. will also be invited to address the programme participants. 

The first batch of 30 senior officers was welcomed to the programme, which was inaugurated by Mr. Anil Kumar Sinha, Director, Central Bureau of Investigation, and Dr. Sushil Vachani, Director, Indian Institute of Management Bangalore.

“In our pursuit of excellence in investigation, we should equip ourselves to not only crack cases but to understand the nuances of cases whose implications are far reaching in the financial world. A course on Financial Intelligence, from a premier institution such as IIM Bangalore, will equip our officers with the latest knowledge and new techniques to do the work assigned to them with speed and accuracy. It will also help us enhance the CBI motto of ‘Industry, Impartiality and Integrity’ with another vital element – Knowledge,” said Mr. Anil Kumar Sinha, at the programme inauguration at IIM Bangalore on Monday morning.

Stating that law enforcement agencies in India had engaged with the IIMs in the past in conducting vertical interaction courses and mid-career training programs, he said these were generic management programmes while for the first time ever a law enforcement agency and an IIM were partnering for an academia-designed training course for upgrading domain expertise of a law enforcement institution. “A course like Financial Intelligence and Analytics will help in strengthening governance and rule of law in the country. I hope this course becomes a trend-setter for other institutions and I look forward to a long and fruitful association with IIMB,” he said. 

Stating that the track record of the CBI was under increasing stress due to a multiplicity of factors, he said: “Our investigators face the biggest challenge in new age crimes, financial and cybercrimes where technology enables offenders to operate across national jurisdictions at the click of a button. In the field of financial and multi-jurisdictional crimes, investigators and prosecutors must be constantly kept apprised of global trends, swiftly changing technology and ever changing laws. Our officers are sure to benefit from IIMB’s training programme that addresses these issues.

“The programme is unique in its focus and design, and is a first-of-its-kind in India, and even perhaps globally. Globally, such programmes tend to focus on criminology, criminal investigation, forensic, security, police management, etc. The need for such a focused programme was felt in view of the growing complexity in the financial world in terms of complex financial instruments, institutions, market operations, tax structures and tax havens, growing influence of technology on the financial world, and legal regulatory environment,” explained Dr. G Ramesh, one of the Program directors and Chairperson, Centre for Public Policy, IIM Bangalore.

“It is a comprehensive programme which takes the participants from foundation to advanced level.  It will be delivered through a 21-day, three-phase model with a residential component at IIM Bangalore and contact programmes at the CBI Centre. The program has been designed for maximum impact with real-life cases, high visibility and complex cases, and in a range of situations. It will also draw upon professionals from the practitioners’ world,” said Professor MS Narasimhan, Finance and Control Area, IIM Bangalore and program director.

‘’All modules of the programme – Basic, Intermediate and Advanced – will be case-based. The pedagogy will cover theoretical and technical inputs, and practical applications,” he added.

In his special address to the programme participants, Dr. Sushil Vachani, Director, IIM Bangalore, deemed it IIMB’s privilege to be involved in the continuing education of senior officers of CBI, who have a key role in the strengthening of institutions in India. “Institutions are essentially the laws, the norms and the cultural expectations that define how a society functions. They have a profound potential effect on the development of a nation and the wellbeing of its people,” he explained.

“In India, Prime Minister Modi is committed to developing a stronger nation but this will require a firm hand. To strengthen our institutions, better labor laws, real freedom of speech, enforcement of contracts and rooting out corruption are all important. Obviously, the CBI has a major role to play in providing a vibrant institutional eco system for growth. We hope to deliver a programme that will empower you to deliver on such a promise,” he said.

Dr. Vachani also highlighted IIMB’s recent initiatives such as the launch of MOOCs (Massively Open Online Courses), which take high quality education to everyone. “We have announced 4 courses and we already have nearly 40,000 registrations, from 180 countries. Just a few years ago, it would have been unimaginable that we would present our courses not just to bright young people in India or experienced officers like you but to countries all across the world. In future we want to use technology for education for social impact. What we teach here is relevant for experienced officers like you and to young people who want to work in the globalized world and we want to make sure we also make a difference to the ‘kirana’-shop owner, the handloom weaver or the foundry worker in a village in this country,” he added.

Recommended articles

Leave Your Comments Views or Questions here