prosecution of ziyadh hoorzook key to sas removal from greylist iss

Prosecution Of Ziyadh Hoorzook Key To Sas Removal From Greylist: Iss

The Institute for Security StudiesISS says the successful prosecution of the terror financing case against Ziyadh Hoorzook will pave the way for South Africa to be removed from the Financial Action Task Forces greylist.

South Africa was greylisted for failing to comply with international standards around the prevention of terror financing and money laundering.

Thirty-five-year-old Hoorzook was arrested at his home in Johannesburg after a lengthy probe into a suspicious R11 500 transaction, allegedly linked to terror financing in 2017.

Judgment for his bail application has been postponed by the Lichtenburg Magistrates Court in the North West.

The ISSs Willem Els says, "South Africa has become a hub, and its been common knowledge for some time. The United Treasury Department has already sanctioned six people here in South Africa for terror funding, and the South African authorities are currently working on that.