LML4807 EXAM PACK
2022/2023
, Page 6 of 7
CONFIDENTIAL
LML4807
(NON-SUPPLEMENTARY OR AEGROTAT STUDENTS)
SECTION C
QUESTION 5
Lesego stays in an informal settlement where she does not have electricity connected
to her house. Because of this, she does not receive a utility bill. She secured work at
UNISA as a cleaner so that she can pay for her LLB studies. Lesego requires a bank
account into which UNISA can pay her monthly salary. She went to a branch of a bank,
but was sent away because she was unable to provide the bank with a utility bill, which
will enable the bank to comply with its identification and verification obligation under
FICA.
Please answer the following questions that have reference to the above scenario:
5.1 Provide a basic definition of financial inclusion. (3)
(Your answer must not exceed 6 lines)
5.2 Discuss the inherent nature of the trade-off between financial inclusion and
maintaining financial integrity in the above scenario. (4)
(Your answer must not exceed 8 lines)
5.3 Briefly explain how the application of the risk-based approach should influence
the documents the bank can request from Lesego to enable the bank to conduct
the identification and verification duty imposed on it by FICA. Your answer must
include an explanation of your understanding of the ‘risk-based approach’ to
combat money laundering. (5)
(Your answer must not exceed half a page)
5.4 Explain whether a bank is regarded as an accountable institution or a reporting
institution in terms of FICA. Subtantiate your answer. (3)
(Your answer must not exceed 6 lines)
[15]
QUESTION 6
6.1 What is meant by a “Twin peaks model” of financial regulation? Briefly discuss.
(5)
(Your answer must not exceed half a page)
6.2 Explain how the Twin peaks model differs from South Africa’s previous model
of financial regulation. (5)
(Your answer must not exceed half a page)
,UNIVERSITY EXAMINATIONS
May/June 2020 Examination
LML4807
BANKING LAW AND USAGE
100 Marks
Duration: 24 Hours
The examination question paper consists of 7 pages.
INSTRUCTIONS FOR A PORTFOLIO WITH ASSESSMENT INFO TOOL ON MYUNISA
PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY BEFORE
ANSWERING THE EXAMINATION QUESTIONS.
1. The examination question paper counts 100 marks.
2. Please read the following instructions carefully as you answer different sections
depending on whether you are a supplementary/aegrotat student or not:
• ALL STUDENTS: You must answer SECTION A.
• SUPPLEMENTARY AND AEGROTAT STUDENTS: You must answer SECTION A
and SECTION B. You must NOT answer SECTION C.
• 2020 REGISTERED STUDENTS: You must answer SECTION A and SECTION C.
You must NOT answer SECTION B.
• Indicate clearly on your answer sheet whether you answered SECTION B or
SECTION C.
3. The duration of the examination is 24 hours. Your portfolio answer must be
submitted via myUnisa on 1 July 2020 on or before 15:00 noon (Central African
Time).
4. This is an open-book examination. You may consult your prescribed study material
during the examination.
5. Your answer to this portfolio examination must be submitted online on myUnisa.
6. The steps to upload your answer to the portfolio examination are as follows:
6.1 On the landing page for myUnisa, before login, go back to the link where you
downloaded your examination paper: Login and download my Exam Question
Paper for May/June 2020.
, 6.2 Login using your student number and myUnisa password.
6.3 On the next screen, find the module code for which you want to submit a portfolio
answer file. Click on the link to “submit answer file”. This link will only display if
the examination session is still open for submissions.
6.4 A new screen will open that will guide you through the steps to upload your answer
file.
Step 1: Load assessment file from your device to myUnisa
• Click on the Browse button next to File Name
• In the Choose File dialog box, select the file you want to upload, and then click OK
• Select the correct programme format from the File Format drop-down list.
• Most modules only allow PDF formatted files to be uploaded.
• Read the Honesty Declaration statement, then click the check box to
acknowledge that you have the statement.
• If you agree with the Honesty Declaration statement, type I AGREE in the text
• box. You cannot continue with the submission process if you do not complete
• the requirements of the declaration.
• Click on the Continue button.
Step 2: Verify the file details for final submission of your answer file
• Use this step to verify that you are uploading the correct portfolio answer file to the
correct course and assessment number.
• Click on the Continue button to submit your answer file. If you do not click
Continue, no submission action will take place.
• Large files will take longer to upload than smaller files. Please be patient after
you’ve clicked Continue.
• If the wrong details, e.g. file name, appear on the screen, click Back to restart the
file upload process.
Step 3: Assessment submission report
This is your proof that your portfolio answer file was submitted. It is advisable to print
this page or make a screen capture for record purposes. A copy of this page will also be
emailed to your myLife email account.
2022/2023
, Page 6 of 7
CONFIDENTIAL
LML4807
(NON-SUPPLEMENTARY OR AEGROTAT STUDENTS)
SECTION C
QUESTION 5
Lesego stays in an informal settlement where she does not have electricity connected
to her house. Because of this, she does not receive a utility bill. She secured work at
UNISA as a cleaner so that she can pay for her LLB studies. Lesego requires a bank
account into which UNISA can pay her monthly salary. She went to a branch of a bank,
but was sent away because she was unable to provide the bank with a utility bill, which
will enable the bank to comply with its identification and verification obligation under
FICA.
Please answer the following questions that have reference to the above scenario:
5.1 Provide a basic definition of financial inclusion. (3)
(Your answer must not exceed 6 lines)
5.2 Discuss the inherent nature of the trade-off between financial inclusion and
maintaining financial integrity in the above scenario. (4)
(Your answer must not exceed 8 lines)
5.3 Briefly explain how the application of the risk-based approach should influence
the documents the bank can request from Lesego to enable the bank to conduct
the identification and verification duty imposed on it by FICA. Your answer must
include an explanation of your understanding of the ‘risk-based approach’ to
combat money laundering. (5)
(Your answer must not exceed half a page)
5.4 Explain whether a bank is regarded as an accountable institution or a reporting
institution in terms of FICA. Subtantiate your answer. (3)
(Your answer must not exceed 6 lines)
[15]
QUESTION 6
6.1 What is meant by a “Twin peaks model” of financial regulation? Briefly discuss.
(5)
(Your answer must not exceed half a page)
6.2 Explain how the Twin peaks model differs from South Africa’s previous model
of financial regulation. (5)
(Your answer must not exceed half a page)
,UNIVERSITY EXAMINATIONS
May/June 2020 Examination
LML4807
BANKING LAW AND USAGE
100 Marks
Duration: 24 Hours
The examination question paper consists of 7 pages.
INSTRUCTIONS FOR A PORTFOLIO WITH ASSESSMENT INFO TOOL ON MYUNISA
PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY BEFORE
ANSWERING THE EXAMINATION QUESTIONS.
1. The examination question paper counts 100 marks.
2. Please read the following instructions carefully as you answer different sections
depending on whether you are a supplementary/aegrotat student or not:
• ALL STUDENTS: You must answer SECTION A.
• SUPPLEMENTARY AND AEGROTAT STUDENTS: You must answer SECTION A
and SECTION B. You must NOT answer SECTION C.
• 2020 REGISTERED STUDENTS: You must answer SECTION A and SECTION C.
You must NOT answer SECTION B.
• Indicate clearly on your answer sheet whether you answered SECTION B or
SECTION C.
3. The duration of the examination is 24 hours. Your portfolio answer must be
submitted via myUnisa on 1 July 2020 on or before 15:00 noon (Central African
Time).
4. This is an open-book examination. You may consult your prescribed study material
during the examination.
5. Your answer to this portfolio examination must be submitted online on myUnisa.
6. The steps to upload your answer to the portfolio examination are as follows:
6.1 On the landing page for myUnisa, before login, go back to the link where you
downloaded your examination paper: Login and download my Exam Question
Paper for May/June 2020.
, 6.2 Login using your student number and myUnisa password.
6.3 On the next screen, find the module code for which you want to submit a portfolio
answer file. Click on the link to “submit answer file”. This link will only display if
the examination session is still open for submissions.
6.4 A new screen will open that will guide you through the steps to upload your answer
file.
Step 1: Load assessment file from your device to myUnisa
• Click on the Browse button next to File Name
• In the Choose File dialog box, select the file you want to upload, and then click OK
• Select the correct programme format from the File Format drop-down list.
• Most modules only allow PDF formatted files to be uploaded.
• Read the Honesty Declaration statement, then click the check box to
acknowledge that you have the statement.
• If you agree with the Honesty Declaration statement, type I AGREE in the text
• box. You cannot continue with the submission process if you do not complete
• the requirements of the declaration.
• Click on the Continue button.
Step 2: Verify the file details for final submission of your answer file
• Use this step to verify that you are uploading the correct portfolio answer file to the
correct course and assessment number.
• Click on the Continue button to submit your answer file. If you do not click
Continue, no submission action will take place.
• Large files will take longer to upload than smaller files. Please be patient after
you’ve clicked Continue.
• If the wrong details, e.g. file name, appear on the screen, click Back to restart the
file upload process.
Step 3: Assessment submission report
This is your proof that your portfolio answer file was submitted. It is advisable to print
this page or make a screen capture for record purposes. A copy of this page will also be
emailed to your myLife email account.
