#Watch the smartest guys in the room movie#

As the films show, your battle is certainly not an easy one, but is one worth fighting. Here is to all of the compliance professionals helping expose financial crime in all of its forms. While much of this activity was technically not criminal, many would argue that it should have qualified as such.Д¬ollectively, these films illustrate the importance of integrity in finance at both the individual and institutional levels.

These films also focus heavily on the events that precipitated the Great Recession. Look no further than Bernie Madoff, Billy McFarland, Elizabeth Holmes, and Marc Dreier for evidence of willful financial deceit. TheyвЂ™re examples of intentional, gross misconduct that is generally of the criminal sort. The stories and subjects that these documentaries feature arenвЂ™t guilty of forgivable negligence. Criminals and cheats cleverly disguise their misdeeds, and itвЂ™s not always easy for financial institutions to learn exactly who theyвЂ™re doing business with. ItвЂ™s not difficult for financial institutions to get into trouble. ItвЂ™s a must-see documentary for those interested in how Generation Social is putting its twist on financial deception. It also documents how Fyre Festival founder Billy McFarland engaged in criminal fraud warranting a six-year prison sentence. Fyre: The Greatest Party That Never Happened memorializes the time when hundreds of stoked music buffs were stranded on an unforgiving Bahamian island without shelter, sufficient food, or water. The infamous Fyre Festival rudely introduced a generation of millennials and their younger counterparts to the realities of fraud. With all due empathy for the victims of these crimes, the directors of these films manage to make financial scammery a darned entertaining watch. They document some of the most notorious financial scandals of the past century. How important is the 'tone at the top' (the tone set by company. Do you think such behavior is common at other companies, or do you think this was a fairly isolated event 2.

#Watch the smartest guys in the room movie#

The following documentaries are master classes on financial crime. A1-38 Ethics at Enron Watch the movie Enron: The Smartest Guys in the Room (Magnolia Home Entertainment, 2005, Los Angeles, California). And, as youвЂ™ll find out, not all financial negligence is technically illegal. From multi-million-dollar ponzi schemes to money laundering by criminal organizations, intentional financial fraud takes many forms.

Then thereвЂ™s the intentional sort of financial crime. Fines for lack of compliance, for example, often stem from the complexity of doing business-they donвЂ™t generally indicate malice. The rise and fall of Enron is the focus as executives got rich pretending the company was more profitable while lower-level employees lost everything. We know from our AML Bank Fines Report Q1-2021 that many financial infractions are unintentional. Just as law enforcement catches onto one scam or tactic, dozens of more sophisticated, innovative scams unfold.

Financial crime is an ever-evolving organism that decimates its victims.