Welcome back to the podcast, bribes, windle, or steel.

I'm Alexandra Rogge.

Today we're going to listen in on a great presentation on compliance challenges in India.

Our speaker, Priyanka Goswami, is a partner with Quad Law in New Delhi and Trace's partner firm for India.

Priyanka spoke at the Trace Forum in London, providing a great deal of insight and practical

advice to our member companies there.

Here's Priyanka.

I wanted to first start with an anti-bribery landscape.

And this is just an indicative list of the number of statutes we have in India on the topic of anti-bribery.

We start with the main specialist legislation or the special legislation called the Prevention of Corruption.

India's actually had a Prevention of Corruption Act way before 1947 also and it's only been revised year on year.

The latest amendment to our Prevention of Corruption Act occurred last year.

And after that amendment, as we'll see through my presentation, we've brought our law more in tune with the UK law, actually.

So we've taken a lot from the UK Bribery Act, and the next few statutes which I've listed over there have

provisions in there which deal with bribery or acts of corruption, provides for penalties,

provides for mechanisms on risk assessment, prevention, detection, investigation, etc.

So we've got the Companies Act, which again is a more recent

legislation of 2013. Not to say that we didn't have a Companies Act before this, we did,

but we have a new legislation which came in in 2013. We've got the Prevention of Money Laundering

Act. We have the Indian Penal Code, which is the Criminal Statute of India. We have the

Competition Act, Central Vigilance, Lokpal, Lokaiyuk.

It's foreign contribution regulation and the whistleblowers protection.

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