The European Union's policing agency said Thursday that Islamic militants are exploiting a growing nexus between organized crime and terrorism to secure financing and weaponry for new attacks. Terrorist groups frequently engage in crime to finance their operations, but the emergence of new recruits with substantial criminal backgrounds and an ability to tap in to the resources of their former underworld networks is a "notable trend," Europol said in its first major threat assessment of organized crime and terrorism in four years. The recruits "typically do not fill major roles within organized crime networks," but still provide terrorist groups an...
Bailiffs have seized the London home of a Saudi Arabian political dissident following a tax probe into the funding of a suspected plot to assassinate the regime's late king, U.K. law enforcement said Thursday.
Uncertainty over whether British and Canadian regulators expect financial institutions to incorporate social media checks into their customer due-diligence processes is complicating efforts to manage compliance risks, say sources.
U.S. prosecutors are investigating employees of Mossack Fonseca, while separately alleging that a painting by Claude Monet was used to launder money in connection with embezzlement from 1MDB, and more, in the weekly roundup.