Loading...
Market
What will be the nature of the organization linked to the Johannesburg man's alleged activities by June 30, 2025?
2
Johannesburg•South Africa•Hawks•Sandton•Bitcoin•Luno•Financial Intelligence Centre•POCDATARA•Lichtenburg Magistrates Court•Financial Action Task Force
Resolution / Starting Odds
Terrorist Organization • 25%
Legitimate Charity • 25%
Unknown Entity • 25%
No Link Found • 25%
Investigative reports or official announcements by South African authorities
Story
Johannesburg Man Arrested for Allegedly Funding Terrorism with R11,500 in Bitcoin, to Appear in Lichtenburg Court
Jan 5, 2025, 09:58 AM
A 35-year-old man from Johannesburg, South Africa, has been arrested by the Hawks, the country's Directorate for Priority Crime Investigation, at his Sandton home on allegations of financing terrorism using cryptocurrency. The suspect allegedly purchased Bitcoin worth R11,500 through Luno, a virtual asset service provider, on November 30, 2017. The funds were then transferred to an organization described as an independent charity and nonprofit entity, which is believed to be linked to two other suspicious organizations. The investigation into the suspect's activities began in May 2018 following a notification from the Financial Intelligence Centre about a suspicious transaction. The suspect faces charges under the Protection of Constitutional Democracy Against Terrorist and Related Activities Act (POCDATARA) and is set to appear in the Lichtenburg Magistrates Court on Monday. The Hawks have reaffirmed their commitment to combating money laundering and terror financing in alignment with the Financial Action Task Force standards.
View original story
Similar markets
Domestic Group • 25%
ISIS • 25%
Al-Qaeda • 25%
None • 25%
Investigation not launched • 25%
Investigation launched • 25%
Other outcome • 25%
Investigation completed • 25%
Increased surveillance measures • 25%
No further action • 25%
Further arrests made • 25%
Public advisory issued • 25%
Worsened public image • 25%
Improved public image • 25%
No significant change • 25%
Increased internal division • 25%
Major policy changes • 25%
Additional indictments • 25%
No further developments • 25%
Public inquiry • 25%
Fines imposed • 25%
Other outcome • 25%
No action taken • 25%
Criminal charges filed • 25%
Report criticized • 25%
Mixed reactions • 25%
Report endorsed • 25%
Report ignored • 25%
Arab League • 25%
Other • 25%
European Union • 25%
United Nations • 25%
Investigation closed without charges • 25%
Formally charged • 25%
Ongoing investigation • 25%
Settlement reached • 25%