Alan Greenspan: Energy Remarks by Mr Alan Greenspan, Chairman of the Board of Governors of the US Federal Reserve System, before the Japan Business Federation, the Japan Chamber of Commerce and Industry, and the Japan Association of Corporate Executives, Tokyo, Japan, 17 October 2005.
The linkage between money laundering and crime denotes that everybody as individuals is affected by money laundering. Crime erodes basic individual liberties in that it threatens their rights to life and entitlement to property. The consequences of crime and money laundering are bad for business, development, and the general rule of law.