The National Money Laundering Strategy for 2007 breaks new ground in two important respects: it responds directly to the unprecedented U.S. interagency Money Laundering Threat Assessment completed in December 2005, and it focuses exclusively on deterring money laundering, independent of our efforts to combat the financing of terror. Money laundering, it its own right, is a serious threat to our national and economic security. Integrating illicit proceeds into the financial system enables organized crime, fuels corruption, and erodes confidence in the rule of law.