GOVERRNANCE ,RISK AND COMPLIENCE
MANAGEMENT
RSK 4802
MAY 29, 2025
Assignment 1
UNIQUE NO: 6178044
, ➢ All questions answered
➢ Plagiarism free
➢ 3 pages
Here's a typed and properly formatted response to your assignment
based on the article and your instructions. You can copy it into a Word
document using Times New Roman, font size 14, single spacing, and
ensure it does not exceed three pages.
Assignment Response
1. Four Key Risks Faced by Capitec Bank Due to Non-Compliance
(8 Marks)
Capitec Bank, as outlined in the SARB media release dated 20
December 2024, faces several critical risks due to its non-compliance
with the Financial Intelligence Centre Act (FIC Act). These include:
a. Reputational Risk: The public sanctioning of Capitec by the South
African Reserve Bank (SARB) damages its reputation. Clients and
investors may lose trust in the bank's integrity and commitment to anti-
money laundering (AML) standards.
b. Regulatory and Legal Risk: Capitec’s failure to meet compliance
requirements, such as customer due diligence and timely suspicious
MANAGEMENT
RSK 4802
MAY 29, 2025
Assignment 1
UNIQUE NO: 6178044
, ➢ All questions answered
➢ Plagiarism free
➢ 3 pages
Here's a typed and properly formatted response to your assignment
based on the article and your instructions. You can copy it into a Word
document using Times New Roman, font size 14, single spacing, and
ensure it does not exceed three pages.
Assignment Response
1. Four Key Risks Faced by Capitec Bank Due to Non-Compliance
(8 Marks)
Capitec Bank, as outlined in the SARB media release dated 20
December 2024, faces several critical risks due to its non-compliance
with the Financial Intelligence Centre Act (FIC Act). These include:
a. Reputational Risk: The public sanctioning of Capitec by the South
African Reserve Bank (SARB) damages its reputation. Clients and
investors may lose trust in the bank's integrity and commitment to anti-
money laundering (AML) standards.
b. Regulatory and Legal Risk: Capitec’s failure to meet compliance
requirements, such as customer due diligence and timely suspicious
