Topic Anti-Money Laundering: The Basics Instalment 1

Presenter
Date 15/02/2021
Summary Dirty money is turned into funds that appear lawful and can therefore be spent as
if they were from legal sources. Proceeds of crime i.e. drug gangs, human
traffickers, and other criminals.

3 Phases in money laundering:

- Placement
- Layering
- Integration
-
4 keyways to combat money laundering
- Conduct Customer or Client Due Diligence
- Increase Skeptism when dealing with a Politically Exposed Person
- Ongoing Monitoring
- Suspicious Activity Reporting

Topic New E-Services Presentation

Presenter
Date 23/02/2021
Summary Major features
1. Username changes from a customer code to email address. Password
remains the same.
2. On first login you are required to update your personal details
3. Payment method is phased out. Going forward payment is by card only.
4. Quicker registration of companies
5. Document generation and download
6. Name reservation – Standard name reservation – submit 4 proposed
names. Non-refundable R50 fee
7. Short standard private company – fully automated registration, validation
of Department of Home Affairs. Cost R175 including name reservation
8. Primary Co-operative Registration.
9. Card payment – Use debit and credit cards. Immediate confirmation of
payment. Only 3D secure enabled cards allowed – Visa, Master Cards