Assessment of Money Laundering, Terrorist Financing and Proliferation Financing Risk in the Banking Sector
The Prudential Authority (PA) of the South African Reserve Bank (SARB) is responsible for anti-money laundering and counter-financing of terrorism
(AML/CFT) supervision of banks, mutual banks and life insurers. As such, the PA
assesses the risks related to these aspects. It embarked on its second banking
sector risk assessment by surveying 34 banks in March 2021.
FERMA European Risk Manager Survey Report
We are pleased to present the results of the 2022 European Risk Manager Survey. The survey has now taken place
every other year for 20 years. It represents the most comprehensive picture of views of professional risk managers
across Europe.
IRMSA Risk Report – South Africa Risks 2022
Currently we are only just in the ‘Fake it until we make it, or not?’ scenario, which is where we have been for the past two years. What
is encouraging is that recently we have been doing some things right, although not nearly enough. We now have to urgently overcome
the current inertia to avoid a slip into the worst-case scenario of a ‘Perpetual hangover’. The challenge is to avoid regressing on any of our of our gains so far. While we are barely in the ‘Fake it until we make it, or not?’ scenario, we now need to focus on sustained implementation of what we have started. We need to leverage the progress we have made and translate our efforts into tangible outcomes. The threat and opportunity landscape is challenging, but we believe we are on the right course. We now need to demonstrate our staying power as a country and organisations to succeed. We need to leverage the progress we have made and
translate our efforts into tangible outcomes.