Ep 4. The Untouchables

In season 31, episode 4 of Frontline, titled "The Untouchables," viewers are taken on a journey through the complicated and controversial world of financial crime enforcement. The episode shines a light on the struggles and challenges faced by government agents as they attempt to hold powerful individuals and corporations accountable for financial crimes, and the seemingly insurmountable barriers they encounter in their fight for justice.

The episode focuses on the case of HSBC, the multinational banking and financial services company, which was found to have repeatedly violated US sanctions against Iran, Sudan, and other countries. Despite evidence of widespread and systemic violations of the law, HSBC was not prosecuted, leading many to question whether the company was simply "too big to jail."

Through interviews with key players involved in the case, including former government officials, whistleblowers, and HSBC insiders, the episode explores the intense political pressure faced by those charged with enforcing financial crime laws, as well as the tactics used by powerful corporations to evade accountability.

The episode also takes a closer look at the revolving door between government and the financial industry, and the ways in which this relationship can create conflicts of interest and even undermine the ability of regulators to do their job effectively.

Overall, "The Untouchables" is a gripping and thought-provoking examination of the ways in which powerful individuals and corporations can evade accountability for financial crimes, and the challenges faced by those fighting to ensure that justice is served. With its in-depth reporting and insightful analysis, this episode of Frontline is a must-watch for anyone interested in understanding the complex world of financial crime enforcement.