Tag: financial crime

  • “For those aiming to work at the intersection of law, technology, and project management, legal knowledge and comfort with technology become essential.” – Ritesh Kumar Mohanty, Director at Deloitte, Kuala Lumpur, Malaysia.

    “For those aiming to work at the intersection of law, technology, and project management, legal knowledge and comfort with technology become essential.” – Ritesh Kumar Mohanty, Director at Deloitte, Kuala Lumpur, Malaysia.

    This interview has been published by Anshi Mudgal and The SuperLawyer Team

    With over 15 years in the legal services industry, what initially drew you to this field, and how has your journey from initial years evolved to leading practice at your current company shaped your professional outlook?

    From my childhood, law was almost a family tradition. My grandfather, my father, and my uncle were all lawyers. Growing up surrounded by legal discussions and a home office full of clients made it natural for me to follow that path. I never doubted that I would become a lawyer. On the way I adapted a bit and embraced tech along with solving legal issues for my clients.

    You completed your LL.B from India and an LL.M from the University of Leicester. How did studying law in both India and the UK shape your perspective, and what aspects of each system have influenced your approach to legal practice?

    After my LL.B in India from Madhusudan Law College at Cuttack, I wanted to broaden my horizons. I first considered Australia, but a friend encouraged me to go to the University of Leicester. It turned out to be the best decision. I immersed myself in arbitration, met amazing mentors like Camilla Anderson and Martin Hunter, and gained an international perspective that I still have with me. I spent a lot of time studying and preparing for the vis moot competition at Vienna, although I don’t regret it a bit, but I wish I had networked more and built more contacts. I advise youngsters who reach out to me before embarking on their masters journey to spend more and more time networking with people and building those meaningful relationships. I wish someone would have told me this. While you won’t realize the power of networking in your 20s, it will certainly come to your aid in your 40s when you are in a leadership role and your friends are all leaders at various organizations across the globe.

    Having worked across diverse industries telecom, technology, automobile, and banking what common industry specific challenges do clients face in contract management and eDiscovery, and how do you navigate these challenges?

    As a legal services professional our role is always industry agnostic but in all the major industries like telecom, tech, banking, and automotive, clients often struggle with large amounts of data. This is where we become a bridge between law and tech. I use technology to simplify that complexity. It’s about making things clear and efficient so they can focus on their business rather than the legal maze. My other area of focus has always been on Contracts Lifecycle Management and I see a lot of clients across industries struggling to manage their contracts. I have developed a deep expertise in Contracts Lifecycle Management (CLM) helping clients streamline their contracts by creating standard playbooks, doing industry benchmarks and helping them with preferred and fallback positions.

    Your international experience spans the US, UK, Canada, and Southeast Asia. How have differences in culture, legal frameworks, and business practices across these regions influenced the way you manage cross-country teams and navigate work in diverse jurisdictions?

    Working in the US, UK, Canada, and Southeast Asia taught me that while legal frameworks differ, people and culture drive action. The US focuses on clients and results. The UK puts importance on governance and structure. Canada mixes process with teamwork, while Southeast Asia values relationships. Managing teams across countries means adjusting communication styles, decision-making processes, and delivery methods. For instance, I find a balance between being efficient and respecting hierarchical norms in Asia. These experiences improved my ability to switch between frameworks, honor cultural differences, and still achieve globally consistent results. This skill is essential when handling matters in multiple jurisdictions.

    As Director of Forensic and Financial Crime, you lead operations, client management, and business development. How do you balance the strategic aspects of growing the practice with the day-to-day demands of execution, and what does a typical day in your role look like?

    My role is really about balancing two worlds including driving the growth of the practice and delivering for clients. On any given day, I might be working on market strategy in the morning and then jumping into a client call by the afternoon and taking a Global call in the evening. The key is prioritization and making sure the team feels empowered so both sides run effectively. By God’s grace, I’ve been fortunate to be part of some very large, even unicorn-level matters in both eDiscovery and CLM, and I’ve navigated the deep lanes of execution along the way. But what truly shaped me was the shift into strategy and that only comes with experience and tenure. I’ve learned that being perfect at one thing will take you far, but to move further you need to embrace imperfection, broaden your scope, and take risks. One of my mentors once told me, you are not an avenger, you will not get a single chance to save the world, you are a common man, make sure you do small things and do them well every single day. This has remained with and has shaped how I look at leadership and growth. 

    You’ve been at the forefront of integrating technology, including GenAI-powered review solutions and accelerators, into legal processes. What role do you see technology playing in reshaping contract lifecycle management and eDiscovery over the next few years?

    For me, technology isn’t just a tool anymore, it’s central to how we provide legal services. With NavigAite ( a GenAI tool developed by my team), for example, I’ve seen how GenAI can change reviews by making it faster, more accurate, and easier for clients. It goes beyond just spotting PII or privilege. It helps teams build facts, create timelines, and make decisions with confidence. In CLM, GenAI is taking away the tedious tasks of clause extraction and risk checks. This allows people to concentrate on negotiation and strategy. I often tell clients that the real change is moving from tools that support to platforms that actively guide outcomes. What excites me the most is seeing teams that were once doubtful now asking for more demos. They can feel the difference. That’s when you know technology is changing how we work. It is a matter of time that embracing tech will no more be an option, it would become a necessity for survival. 

    Having handled high-stakes matters such as global outsourcing contracts and multi-jurisdictional cases, what has been your most challenging project so far, and how do you navigate the pressures that come with such complex work?

    Interestingly, my most challenging project wasn’t a large one; it was a 4 day long review which literally decimated my brain into pieces. The client was pushing us hard, and we had to adapt every few hours. It taught me that change management is crucial in our field. If you can handle constant shifts, you can handle anything. Handling changes while balancing risks is key to our profession and someone who masters this, is poised for success. Sometimes you will be in a situation where you feel “that’s it, I am done” but remember everything changes and it changes for good, just hang in there and have some patience.

    For young professionals aspiring to build a career at the intersection of law, technology, and project management, what skills and mindset should they prioritize to succeed in today’s globalized legal services environment?

    For those aiming to work at the intersection of law, technology, and project management, building a diverse skill set is key. Legal knowledge is essential, but being comfortable with technology is also important, especially in AI, contract tools, and data analytics. Strong project management and client engagement skills set good professionals apart from great ones. In terms of mindset, curiosity, adaptability, and resilience are must-haves. The industry is changing quickly, so the ability to learn, unlearn, and relearn is crucial. I often advise young professionals to focus not only on technical skills but also on understanding the business side, knowing how legal solutions contribute to business results. I follow this 80 and 20 rule where in your early years 80% is your subject matter knowledge and 20% is your soft skills, but if you don’t focus on the 20% early in your career, it will be extremely difficult to adapt when you move into senior levels where the 80 becomes 20 and the 20 becomes 80. Soft skills are equally important to hone along with other aspects. Focus on listening, drafting business emails, elevators pitch, speaking with confidence and being persuasive at an early stage.

    With all the responsibilities at work, how do you balance your personal life with it? What activities do you undertake to maintain work life balance?

    Balancing work and personal life in our industry is never easy, but I’ve found it comes down to being fully present where I’m needed. With my son, I make it a point to be there during his taekwondo sessions; with my wife, I support her creative journey; and when it’s time to work, I give it my all. For me, work-life balance doesn’t mean shutting off at 6 PM or ignoring calls on weekends, it’s about knowing when to prioritize work and when to prioritize family. I’m also a foodie, and that keeps me energized. I’m always looking forward to the next meal, where I’ll eat, and who I’ll share it with. It sounds simple, but it gives me daily motivation. The same applies to vacations, I always apply for my next one right after I return. Having something to look forward to, whether it’s a meal or a trip, keeps me positive, focused, and more diligent in my work.

    get in touch with Ritesh Kumar Mohanty –

  • “AI is certainly going to play an important role in compliance and investigations, but I don’t see it as something that will completely take over.” – Guneet Gudh, Principal Associate at Panag & Babu.

    “AI is certainly going to play an important role in compliance and investigations, but I don’t see it as something that will completely take over.” – Guneet Gudh, Principal Associate at Panag & Babu.

    This interview has been published by Anshi Mudgal and The SuperLawyer Team

    You have built a distinguished career as a Financial Crimes & Corporate Governance Lawyer. What initially drew you to this specialisation, and how did your academic background shape the perspective you bring to your practice today?

    I grew up around conversations on business and decision-making, so questions of accountability and systems were never abstract for me; they were part of daily life. That naturally drew me toward financial crimes and governance, because I could see how one weak link could impact an entire organization. My academic journey from JGLS to experiences at LSE and Augsburg University gave me the global perspective I needed. It taught me to look at compliance and governance not just as rules to follow, but as tools to build trust and resilience. That mix of early exposure and academic grounding still defines the way I practice today.

    In your experience across developed and emerging markets, what are the most striking differences in investigative and compliance strategies? Which international best practices could be effectively localised for India’s evolving landscape?

    I would challenge the notion that the differences in compliance approaches lie solely between developed and emerging markets. In my experience, the real distinction is not geographical; it stems from the ethics, priorities, and compliance mindset of an organisation’s leadership. When leadership is genuinely committed to integrity and transparency, even jurisdictions with evolving regulations can foster proactive and effective compliance. Conversely, where leadership is indifferent or evasive, even the most advanced regulatory systems can be rendered ineffective.

    That said, India can certainly benefit from selectively adopting global best practices, such as strengthening internal controls, conducting sharper and more independent compliance audits, and leveraging technology-driven tools for real-time monitoring. However, these mechanisms only achieve their purpose when reinforced by strong leadership and a well-equipped legal and compliance ecosystem that recognizes compliance not merely as a shield against penalties, but as a foundation for building sustainable trust.

    Looking toward the next decade, how do you envision the fusion of technology, governance, and cross-border regulation reshaping compliance practice, especially with the rise of AI and digital investigation tools?

    AI is certainly going to play an important role in compliance and investigations, but I don’t see it as something that will completely take over. The human element, the judgment, experience, and ethical grounding that specialists in this field bring, remains irreplaceable. Complex financial crime matters often involve nuance, intent, and context that no algorithm can yet fully grasp. It will take AI time to reach that stage.

    That said, I view AI as an additional strength in the lawyer’s toolkit. It can help sift through vast volumes of data, spot unusual patterns, and accelerate processes that once took weeks. But at the end of the day, AI is a supporting hand, not the lead investigator. The control, the strategy, and the interpretation still rest with the human professional.

    Right now, there is a tendency to overstate AI’s capabilities, almost treating it as magic. But in reality, it is just another tool, powerful, yes, but still a tool. I compare it to how Microsoft Office transformed law practice in the 1990s. Back then, it didn’t replace lawyers, but it fundamentally changed how we worked and made us more efficient. I believe AI will do the same; it will make us sharper and faster, but it won’t replace the human expertise at the core of the legal practice.

    The surge in online fraud, cyber-enabled financial crimes, and digital payment scams has created new challenges for regulators, corporates, and law enforcement alike. From your perspective, what gaps still exist in India’s current framework to address these threats, and how can legal practitioners play a proactive role in combating them?

    Online fraud is one of the fastest-growing risks, not just for individuals but for corporates and financial institutions. The sheer speed and cross-border nature of these crimes often outpaces traditional investigative and regulatory tools. While India has made strides with measures like the RBI’s fraud monitoring systems and the CERT-In framework, the ecosystem still faces gaps in coordination, reporting, and accountability.

    One of the biggest gaps is siloed response—banks, fintechs, law enforcement, and regulators often act reactively and in isolation. A more integrated framework, with real-time intelligence sharing, is urgently needed. Another issue is underreporting; many organisations hesitate to disclose fraud incidents out of fear of reputational damage, which only perpetuates vulnerabilities.

    Lawyers in white-collar practice can contribute significantly here: by advising corporates on robust fraud-prevention policies, ensuring compliance with reporting obligations, and guiding internal investigations that meet both legal and regulatory standards. Beyond that, we can help bridge the gap between technology and law—working with forensic experts, fintech players, and regulators to shape practical frameworks that keep pace with evolving digital threats. 

    As an established lawyer in governance, investigations, and white-collar matters, how do you mentor the next generation? What skills or tools do you recommend for them to thrive in today’s rapidly shifting regulatory and technological terrain?

    Mentorship, to me, is first and foremost about giving young lawyers the confidence to keep going and ensuring they don’t give up when the work feels overwhelming. This is a demanding field, and in the early years, it’s easy to doubt yourself. Sometimes the best role a mentor can play is simply to reassure them that discipline, consistency, and patience will carry them through.

    Beyond that, I see mentorship as preparing young lawyers not just for today’s challenges but for tomorrow’s uncertainties. I encourage them to cultivate adaptability, strategic thinking, and clear communication, because in white-collar practice, clients look to you as a trusted advisor, not just a lawyer. I also urge them to embrace technology – mastering data analytics, digital forensics, and regulatory tech platforms is no longer optional.

    Most importantly, I remind them that tools and trends will keep changing, but ethics, resilience, and statutory grounding never go out of fashion. Regulatory landscapes will shift, but if you stay curious, disciplined, and grounded in the law, you’ll be equipped to thrive at the intersection of law, business, and technology.

    Finally, what is your long-term vision for your practice as a Financial Crimes & Corporate Governance Lawyer? And how do you manage the demands and pressures of such an intense field while maintaining personal well-being?

    For me, discipline always tops the list. Without discipline, nothing else really sustains. Over time, discipline creates habits, and those habits make it easier to do the workday in and day out. In the early stages of your career, when you’re putting in long hours and truly immersing yourself, that consistency shapes you into a stronger professional. It’s like practice in any field—the more you repeat, the sharper you get.

    I also believe the right mindset matters just as much. Keeping the outlook of a leader, taking ownership, thinking ahead, and combining it with the endurance of an athlete helps you enjoy the journey rather than just endure it. This is not an easy profession, but when you bring discipline, habits, leadership, and endurance together, the work becomes something you grow with, not something you burn out from. That’s what keeps me motivated and makes the practice rewarding.

    Get in touch with Guneet Gudh –