The Institute for Security Studies(ISS) 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 Force’s 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 Magistrate’s Court in the North West.

The ISS’s Willem Els says, “South Africa has become a hub, and it’s 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.”

He adds: “We also had already two cases here in South Africa – the Henry Ocher case, where he was found guilty of terror funding. But also in as recent as 2022, the so-called cruise education, that person was also found guilty of terror funding.”

VIDEO| Ziyadh Hoorzook appeared in court earlier this month.