RSK4802
Assignment 1 2025
Detailed Solutions, References & Explanations
Unique number: 617804
Due Date: 29 May 2025
QUESTION 1
KEY RISKS THAT THE BANK MAY FACE AS A RESULT OF ITS NON-
COMPLIANCE WITH THE STATUTES
Capitec Bank’s non-compliance with the Financial Intelligence Centre Act (FIC Act)
exposes the institution to several serious risks.
Regulatory risk.
The administrative sanctions, cautions, reprimands, and substantial financial penalties
(over R56 million) highlight the risk of further regulatory scrutiny. Non-compliance could
also result in the withdrawal of licenses or harsher penalties if repeated in the future.
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 1 2025
Detailed Solutions, References & Explanations
Unique number: 617804
Due Date: 29 May 2025
QUESTION 1
KEY RISKS THAT THE BANK MAY FACE AS A RESULT OF ITS NON-
COMPLIANCE WITH THE STATUTES
Capitec Bank’s non-compliance with the Financial Intelligence Centre Act (FIC Act)
exposes the institution to several serious risks.
Regulatory risk.
The administrative sanctions, cautions, reprimands, and substantial financial penalties
(over R56 million) highlight the risk of further regulatory scrutiny. Non-compliance could
also result in the withdrawal of licenses or harsher penalties if repeated in the future.
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
