Frontlines Black Money - Essay Example

Comments (0) Cite this document
Frontline’s Black Money discusses the illicit use of money in bribes among multi-national corporations and the steps international regulatory organizations have taken to stop it. The film begins by discussing the close-ties Prince Bandar of Saudi Arabia shares with the United…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
Frontlines Black Money
Read TextPreview

Extract of sample "Frontlines Black Money"

Frontline’s Black Money discusses the illicit use of money in bribes among multi-national corporations and the steps international regulatory organizations have taken to stop it. The film begins by discussing the close-ties Prince Bandar of Saudi Arabia shares with the United States – interviews where he is referenced by Jimmy Carter, and a section that says he affectionately goes by Bandar Bush because of his close relationship with the Bush family are shown. It then details a military arms deal brokered between the Saudi government and the British defense contractor BAE. From the perspective of a high-end chauffeur, it then details the lavish expenditures that accompanied the lifestyles of the Saudi princes immediately after the arms deal was completed and how he was instructed to refer all expenses to BAE. It then discusses how the Foreign Corruption Practices (FCPA) was formed in the United States during the Carter administration and how it makes United States laws against bribery the most strict in the world. Later, because of competitive disadvantages American companies were experiencing, the international community created the OECD to make it a world-wide offense. Even with these policies intact, large companies, such as BAE and the German company Siemens still found ways to work around the system. It discusses the Department of Justice’s (DOJ) 500 million dollar fine of KBR, a Halliburton subsidiary, for breaking United States anti-bribery laws. Eventually, a full scale investigation is launched by British investigators into the BAE scandal and unearths a world-wide multi-billion dollar series of slush funds. An investigation is launched into BAE practices in Switzerland. Just as the investigation is supposed to unearth potent information, Prince Bandar visits with Tony Blair and informs him that if the investigation continues then the Saudis will stop cooperating with the British on anti-terrorism laws. This information, coupled with an apparent blackmail plot against the investigator, results in the investigation being dropped, with the Saudi connections to the United States being investigated further by the DOJ. The film ends on a somber note, concluding that the rules for the use of this ‘black money’ are different for the large corporations -- who can get away with it -- and the small businesses that face OECD regulations. Read More
Cite this document
  • APA
  • MLA
(“Frontlines Black Money Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from
(Frontlines Black Money Essay Example | Topics and Well Written Essays - 500 Words)
“Frontlines Black Money Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Frontlines Black Money

Money Landry

...?Research Factors controlling the growth of money laundering in a nation. Money laundering has for long been a problem of many countries of the world including the developing and the developed countries. Money laundering eats up the revenue made through government imposed tax, thus betraying the honest public. Money laundering also complicates the process of tax collection for the government. These factors cause the government to impose a higher tax in order to make up for the losses. Thus, there is dire need to take drastic steps to control money laundering because of its extremely dangerous effects upon a nation’s economy. Money...
3 Pages(750 words)Research Proposal

Money Laundering

...?[Your full December 8, Money Laundering Introduction According to the Article of the 1990 European Communities (EC) Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime (Council of Europe), the term money laundering is defined as: The conversion or transfer of property, knowing that such property is derived from serious crime, for the purpose of concealing or disguising the illicit origin of the property or of assisting any person who is involved in committing such an offence or offences to evade the legal consequences of his action, and the concealment or disguise of the true nature, source, location, disposition, movement, rights with respect to, or ownership of...
7 Pages(1750 words)Term Paper

Money rules

...?Money Rules INTRODUCTION Documentary films are acknowledged to be an invaluable art form but at times are also widely neglected as well. Documentaryfilms are not journalistic but they contain effects including music and manipulate reality with few pretensions. Documentary films have provided new avenues for communicating with large audiences and have also played a significant role in informing audiences about certain social and environmental issues and bringing socially and environmentally acceptable changes. Over the last decades, documentary films have accorded significant importance especially amid the audiences in the United States (John Michael Williams, “The Importance of Documentary Films’). THESIS STATEMENT...
5 Pages(1250 words)Research Paper

Stem Cell Research

...polarizing debate. On one hand, certain people think the issue is black and white. Theyre certain that using stem cells is morally wrong. They believe it can be solved simply, sometimes by just interpreting the constitution. For many people it is very hard for someone to believe research involving them should be banned. Stem cells offer some of the substantial and important possibilities in the fields of medical science open to us today. I believe we must seize this opportunity. The issue is a nuanced one that society really needs to think about (Herold 22). Whether or not you believe using an embryonic stem cell for research purposes is destroying a potential life, you must admit that it is opening up the possibility...
5 Pages(1250 words)Essay

Money & Banking

... Money and Banking Unemployment rate in the U.S under s actual unemployment. Explain why the unemployment rate is inaccurate. The unemployment rate is a term that defines the measured proportion of civilian labor force over the age of 16 years that is not engaged in any relevant productive activities though in the process of actively seeking employment. In America, the official unemployment rate is calculated, estimated and reported each month by the Bureau of Labor Statistics (BLS), that operates under the US Department of Labor using data gathered from the Current Population Survey. The Bureau of Labor Statistics estimates unemployment, employment and labor force of over 200 million in a dynamic, complex economy... . The Philips curve has...
3 Pages(750 words)Assignment

Black is, Black Ain't

...Black is Black Aint. When Barack Obama was elected as the most powerful leader of the world, it was shocking for some, but for many it was surprising. United States of America is perhaps one of the most diverse nations in the world. African Americans are an important fragment of American society. The contribution of African Americans to America can be analyzed by the role this race has played, whether its politics, sports or the entertainment industry, one would find numerous names in the top echelon that have an African origin. However, even in the present age there factions that objectify African Americans and do not deal them as equals. Twenty years back Marlon Rigg produced a documentary with a title...
1 Pages(250 words)Essay


...Black Muslims Definition of the term “Black Muslims” The term Black Muslims can be defined as a predominantly black religious organization in the United States, which professes Islam as their faith (Black Muslims, 1). Introduction Black Muslims is a group of people, mainly people of black ethnicity, who preach Islam as religious faith. The group of Black Muslims, officially recognized as the American Muslim Mission, was formerly called the Nation of Islam and after 1975 was known as the World Community of Al-Islam in the West (Black Muslims, 1). The members of this organization call themselves Billalians, which refers to Bilal – a former black slave of Muhammad and who became a symbol of black dignity and honour (Bilalians, n.p... .). The...
6 Pages(1500 words)Essay

Money & Banking

...Money & Banking Response Money Trap” Situation The Central Bank or the Federal Reserve has a duty of maintaining inflation rates close to 0 % and nominal interest rates at or near 0 % (Krugman 1). However, during global economic recessions and fundamental economic growth, the Central Bank or the Federal Reserve struggles to maintain these rates. During this period, both the consumers and commercial banks are afraid of the future and consumers opt for precautionary savings instead of spending while commercial banks lose the interest to lend money. This leads to a “Money Trap” situation where nominal interest rates do not stimulate consumers and lowering the interest rates...
2 Pages(500 words)Assignment


...Money& Banking There exist various articles in macroeconomics that addresses various interesting issues concerning the effects of interest rate, banks and economic performances. The wall street journal: Fed Is Pushing and Pulling on Rates Riddle by Min Zeng is an example of such an article. The article was officially published on March 19, 2015 and provides more insight into various issues of concerning Treasury Yield Curve Rates, investors and banks perceptions. The Wall Street Journal is published in the wake of (The Federal Reserve chairwoman) Janet Yellen’s challenge of pushing short-term rates in the bond market higher. Min Zeng uses his long time experience of analysis of money market and capital to provide factual argument... analysis...
3 Pages(750 words)Book Report/Review

White Money Black Power

...White Money/Black Power: The Surprising History of African American Studies and the Crisis of Race in Higher Education An Introduction Cultural memory helps in strengthening community bonds. Hence, reading about the history of any community program helps us in associating with it and makes its purpose clearer to the masses. This is the case with White Money/ Black Power. The book aims at reviving the struggles associated with the formation of the Black Studies programs so that it can stimulate an interest in the future of the African American program. Right now the African American Studies program is going through a phase of identification crisis where...
11 Pages(2750 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Frontlines Black Money for FREE!

Contact Us