The National Prosecuting Authority (NPA) spokesperson, Sivenathi Gunya, said Hoorzook was released on condition that he report to the Sandton Police Station every Monday, Wednesday, and Friday between 6am and 5pm. He was also ordered to refrain from interfering with investigations or witnesses and share his live location with the investigating officer. Hoorzook faces multiple charges under the Protection of Constitutional Democracy against Terrorist and Related Activities Act, including six alternative counts of contravening Section 4(1)(f)(ii) of the Act. Gunya said additional charges include contravening the Regulation of Foreign Military Assistance Act and the Firearms Control Act after failing to secure firearms as prescribed by law. Police said his arrest comes after a lengthy and meticulous investigation that started in May 2018 when the Financial Intelligence Centre (FIC) and the
Tag Archives: Bitcoin
Jan
Most Americans have bank accounts — reliable places to store money that are federally insured, carefully regulated, and generally better than coffee cans full of cash . But some 5 million households don’t have bank accounts. So every two years, the Federal Deposit Insurance Corporation conducts a survey to find out why. Is it a trust thing? A distance thing? A fees-and-service-charges thing? Last November, for the first time, the FDIC reported the results of a new question it added to the survey: Do you use a cryptocurrency like bitcoin instead of a bank? From the start, the dream for crypto has always been “be your own bank.” I’m being a little simplistic there, but bitcoin, ether, and their digital cousins were supposed to be a smarter flavor of money.