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The Prevention of Money Laundering Act, 2002 (‘PMLA') initially emerged as a robust tool against financial crimes in India.

Traditionally, anti-corruption laws were primarily focused on public officials who receive bribes rather than private entities who pay them. However, this paradigm has shifted significantly in recent years, with legislative changes in India creating direct liability for private companies involved in corrupt practices. This shift has made it imperative for private companies operating in India to implement robust anti-corruption compliance programs despite not being public authorities themselves.