, RSK4802 Assignment 1 (COMPLETE ANSWERS) 2025
- DUE 29 May 2025; 100% TRUSTED Complete,
trusted solutions and explanations.
Question 1
Identify 4 keys risks that the bank may face as a result of its non-
compliance with the statutes as detailed in the article (8 marks).
Here are key risks that Capitec Bank may face as a result of its non-
compliance with the Financial Intelligence Centre Act (FIC Act),
based on the information in the media release:
1. Regulatory Risk (Compliance Risk)
Capitec failed to comply with several provisions of the FIC Act,
exposing the bank to penalties and sanctions from regulatory bodies
such as the Prudential Authority and the Financial Intelligence Centre.
Non-compliance with legal statutes directly increases the likelihood of
further regulatory scrutiny and limitations on operations.
2. Reputational Risk
Publicized sanctions and financial penalties damage the bank's
reputation with clients, investors, and the broader public. This could lead
to a loss of customer confidence, negative media coverage, and
ultimately a decline in market share.
- DUE 29 May 2025; 100% TRUSTED Complete,
trusted solutions and explanations.
Question 1
Identify 4 keys risks that the bank may face as a result of its non-
compliance with the statutes as detailed in the article (8 marks).
Here are key risks that Capitec Bank may face as a result of its non-
compliance with the Financial Intelligence Centre Act (FIC Act),
based on the information in the media release:
1. Regulatory Risk (Compliance Risk)
Capitec failed to comply with several provisions of the FIC Act,
exposing the bank to penalties and sanctions from regulatory bodies
such as the Prudential Authority and the Financial Intelligence Centre.
Non-compliance with legal statutes directly increases the likelihood of
further regulatory scrutiny and limitations on operations.
2. Reputational Risk
Publicized sanctions and financial penalties damage the bank's
reputation with clients, investors, and the broader public. This could lead
to a loss of customer confidence, negative media coverage, and
ultimately a decline in market share.
