What is black money? There is a little saying "money is power" and for some individuals and corporations this is taken literally; with bribes, blackmail and other shady dealings going on between the private sector and the public sector. Essentially we are talking about corruption and graft; a sinister problem that creates deep inefficiencies and perverts due process and undermines democracy and fair rule. These days there is increasing scrutiny on corruption, and harsh new regulations to punish those who indulge in these practices.
As the global financial downturn continues and pressure for profits increases on corporations across the world, a small group of lawyers in the U.S. Justice Department is pursuing an aggressive crackdown against an international business tactic -- bribery -- which the World Bank says amounts to as much as a trillion dollars a year in payments.
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Finance Documentaries: http://www.financedocumentaries.com/2012/06/frontline-black-money.html