CoinVoice has learned that, according to News.bitcoin, a law enforcement agency in South Africa recently arrested a 35-year-old man who is suspected of using cryptocurrency to fund terrorist activities. The investigation began in May 2018 when the Financial Intelligence Centre (FIC) and the investigation team received information about suspicious transactions linked to alleged terrorist financing.
It is alleged that on November 30, 2017, the suspect purchased Bitcoin worth $614 through the virtual asset service provider Luno, transferring funds from the suspect's bank account to Luno's custodial account, after which the Bitcoin was transferred to another wallet associated with an unnamed 'independent' organization.
South African law enforcement stated that preliminary investigations indicate that these funds were transferred to provide weapons, economic assistance, and other projects to 'participants' in another country. After determining the use of the funds, South African law enforcement conducted a raid on the suspect's residence on October 24 with a search warrant, confiscating several items, including firearms that were not stored legally in a secure location. The man is expected to appear in the Lichtenburg Magistrate's Court on January 6. [Original link]
