Ziyadh Hoorzook, held in custody, is accused of donating 614 USD in BTC to a terrorist organization. South African law enforcement agency Hawks argues against bail, suggesting that he may evade trial. Investigating officer John Sithole claims to possess compelling evidence that contradicts Hoorzook’s denial of knowledge regarding the alleged donation.
Hoorzook, through his lawyer, plans to plead not guilty at the next hearing. The case highlights fears related to South Africa’s position on the FATF grey list, which was established in 2023. Authorities have taken steps to address weaknesses, with potential delisting recommendations expected by June.