This article argues that some of today's terrorist groups have transformed into trans- national criminal organization (TCO) who are more interested in profits than politics. This dynamic has important implications for policymakers as some traditional, po- litically motivated terrorist groups further profit-minded agencies under a political banner. The author argues that there are different degrees of transformation; some terrorists commit criminal acts to support political operations, while others view profit-driven criminal acts as their end game. The articles further argues that unlike some observers suggest, TCOs and terrorist groups will no cooperate with each other to advance aims and interests, instead utilizing their äóìin-houseäó capabilities to undertake criminal or political acts.