Australian stocks help fund al-Qaeda

British intelligence agencies have established the terror group is also targeting top technology and defence corporations in Australia, Singapore and other Pacific Rim countries.

They say al-Qaeda is laundering billions of dollars it earns through drug-running, with the help of China’s Secret Intelligence Service.

US Treasury agents, working closely with European intelligence services, believe more than $1 billion AUS has been invested in stocks by al-Qaeda since the start of the year.

The money has been laundered through unsuspecting banks as far apart as Australia, Japan, Germany and Ireland.