Unique number 617805
GOVERNANCE ,RISK AND
COMPLIENCE MANAGEMENT
RSK4802 ASSIGNMENT TWO
Due date: 02/10/2025
, WHAT TO EXPECT IN THIS FILE
✓ PLAGIARISM FREE
✓ DISTINCTION
✓ CORRECT ANSWERERS
✓ ALL DEATAILED ANSWERS
✓ QUESTIONS ANSWERED
Assignment TWO RSK4802
Unique number 617805 Due date 02/ 10/2025
4 Compliance Issues to Focus On (Based on the Standard Bank case)
1. Inadequate Ongoing Customer Due Diligence (CDD)
Issue: Standard Bank failed to conduct ongoing due diligence on two clients in
2018 and 2019.
Why this is critical:
Ongoing CDD is central to identifying and mitigating money laundering and
terrorism financing risks.
Financial institutions must continuously monitor client activity to detect changes
in risk profiles.
Weak CDD processes undermine the bank’s ability to understand customer
behaviour and identify suspicious activity.
GOVERNANCE ,RISK AND
COMPLIENCE MANAGEMENT
RSK4802 ASSIGNMENT TWO
Due date: 02/10/2025
, WHAT TO EXPECT IN THIS FILE
✓ PLAGIARISM FREE
✓ DISTINCTION
✓ CORRECT ANSWERERS
✓ ALL DEATAILED ANSWERS
✓ QUESTIONS ANSWERED
Assignment TWO RSK4802
Unique number 617805 Due date 02/ 10/2025
4 Compliance Issues to Focus On (Based on the Standard Bank case)
1. Inadequate Ongoing Customer Due Diligence (CDD)
Issue: Standard Bank failed to conduct ongoing due diligence on two clients in
2018 and 2019.
Why this is critical:
Ongoing CDD is central to identifying and mitigating money laundering and
terrorism financing risks.
Financial institutions must continuously monitor client activity to detect changes
in risk profiles.
Weak CDD processes undermine the bank’s ability to understand customer
behaviour and identify suspicious activity.
