lOMoAR cPSD| 49074884
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, lOMoAR cPSD| 49074884
UNIVERSITY EXAMINATIONS
January/February 2026
RSK4802
GOVERNANCE, RISK AND COMPLIANCE
MANAGEMENT
100 Marks
Duration: 3 Hours
The paper consists of 12
pages, including this page.
Downloaded by Vincent master ()
, lOMoAR cPSD| 49074884
This examination consists of Four (4)
questions.
Answer ALL questions on the examination
script in the space provided.
QUESTION 1
According to a recent press report, The South
Reserve Bank fined Capitec and the local branch
of Deutsche Bank a combined total of R25m last
year for shortcomings in the systems they have in
place to combat money laundering, the Bank said
in the annual report of its Bank Supervision
Department
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, lOMoAR cPSD| 49074884
The Bank also announced that deputy governor
Kuben Naidoo would take over as registrar of
banks from Rene van Wyk, who will retire as
registrar at the end of this year. Naidoo, who will
serve in both the deputy governor and registrar
roles, helping to facilitate the transition to the
new Twin Peaks regulatory system,
The bank supervision department is responsible
for ensuring that banks have systems and
measures in place to comply with the provisions
of the Financial Intelligence Centre Act on
money laundering and terror financing.
The Bank emphasized the decision to impose
administrative sanctions on Deutsche and
Capitec "was not based on any evidence that
Deutsche Bank or Capitec facilitated transactions
relating to money laundering and/or financing of
terrorism activities."
However, Capitec was fined R5m for failing to
report cash transactions above R24, 999 to the
Financial Intelligence Centre in line with the
legislation and it was directed to take remedial
action.
Deutsche Bank’s "know your customer"
measures were inadequate and it was fined R10m
for this and was directed to address deficiencies
in its controls and systems related to detecting
Downloaded by Vincent master ()
Downloaded by Vincent master ()
, lOMoAR cPSD| 49074884
UNIVERSITY EXAMINATIONS
January/February 2026
RSK4802
GOVERNANCE, RISK AND COMPLIANCE
MANAGEMENT
100 Marks
Duration: 3 Hours
The paper consists of 12
pages, including this page.
Downloaded by Vincent master ()
, lOMoAR cPSD| 49074884
This examination consists of Four (4)
questions.
Answer ALL questions on the examination
script in the space provided.
QUESTION 1
According to a recent press report, The South
Reserve Bank fined Capitec and the local branch
of Deutsche Bank a combined total of R25m last
year for shortcomings in the systems they have in
place to combat money laundering, the Bank said
in the annual report of its Bank Supervision
Department
Downloaded by Vincent master ()
, lOMoAR cPSD| 49074884
The Bank also announced that deputy governor
Kuben Naidoo would take over as registrar of
banks from Rene van Wyk, who will retire as
registrar at the end of this year. Naidoo, who will
serve in both the deputy governor and registrar
roles, helping to facilitate the transition to the
new Twin Peaks regulatory system,
The bank supervision department is responsible
for ensuring that banks have systems and
measures in place to comply with the provisions
of the Financial Intelligence Centre Act on
money laundering and terror financing.
The Bank emphasized the decision to impose
administrative sanctions on Deutsche and
Capitec "was not based on any evidence that
Deutsche Bank or Capitec facilitated transactions
relating to money laundering and/or financing of
terrorism activities."
However, Capitec was fined R5m for failing to
report cash transactions above R24, 999 to the
Financial Intelligence Centre in line with the
legislation and it was directed to take remedial
action.
Deutsche Bank’s "know your customer"
measures were inadequate and it was fined R10m
for this and was directed to address deficiencies
in its controls and systems related to detecting
Downloaded by Vincent master ()
