ICAI’s Special Training Helps Police and Agencies Prevent Financial Crimes
ICAI is training police and government agencies across India to help prevent financial crimes and banking frauds
ICAI
ICAI
To help India fight rising cases of financial fraud and cybercrime, the Institute of Chartered Accountants of India (ICAI) has launched a special training program for police officers and government agencies. This training is designed to improve the skills of investigators so they can detect, investigate, and stop complex financial crimes more effectively.
According to recent data from the Reserve Bank of India (RBI) and the Indian Banks' Association, financial frauds worth over Rs. 26,000 crore were reported in the year 2022–23. Many of these involved digital banking systems, cyber theft, and money laundering.
The rise in such crimes has created a strong need for trained professionals who understand the latest financial systems and technology.
To meet this need, ICAI started offering training sessions to officers from various departments, including the Delhi Police, Economic Offences Wing, CBI, SFIO, and other central and state-level investigating agencies. Over 10,000 officers have already received this specialized training.
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The training covers important topics such as:
- How to trace digital money transactions
- Understanding blockchain and cryptocurrency
- Detecting fraud in accounting and financial records
- Basics of forensic auditing and digital evidence collection
The goal is to give officers both technical knowledge and practical tools that they can use while handling real cases. Many officers who attended the training said it helped them solve cases faster and more efficiently.
ICAI is also conducting a 32-day advanced training program in partnership with the Comptroller and Auditor General of India (CAG). These sessions are taking place at 50 training centers across the country.
Some of the major public sector organizations also participating in this initiative include the State Bank of India, Bank of Baroda, Hindustan Petroleum, and Indian Oil Corporation.
Speaking about the program, ICAI President CA Ranjeet Kumar Agarwal said, “This training is not just about sharing technical knowledge. It is about building strong investigation skills that help protect our economy from fraud and misuse.”
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