LML4807 EXAM PACK 2021 LATEST.

SECTION C: ONLY STUDENTS WHO ARE REGISTERED IN 2020 (NON-SUPPLEMENTARY OR AEGROTAT STUDENTS) ANSWER 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. 7 Alternative Submission Process 7.1 Login to myUnisa using your student number and myUnisa password 7.2 Click on the “myAdmin” tab in the top navigation 7.3 In the “Assessments” submenu, click on the “Assessment Info” tool in the drop-down list • A list of all available assessments will display • Locate the section for May/June Online Exams at the bottom of the list • Find the corresponding module code • Click on the Open in New Window link and follow the steps as described above. 8. The cover page to your portfolio must include your name, student number and the module code. 9. It is preferred that your portfolio is typed, however, handwritten submissions will also be accepted. Follow the detailed submission instructions provided in the Student Guide: Unisa Portfolio Submission. If the portfolio is typed, the maximum length is 27 pages (which includes the cover page and the bibliography). If the portfolio is handwritten, the maximum length is 35 pages (which includes the cover page and the bibliography). If your answer exceeds the prescribed length, we will stop marking when your answer reaches the page limit. 10. Whether your answers are typed or handwritten, your submission on myUnisa must be made in the form of one PDF document. Note that you should NOT passwordprotect your PDF portfolio answer file and virus infected files will NOT be marked. 11. If your answers are typed, ensure that the following requirements are adhered to. 11.1 The text must be typed in Arial font, size 12 with single line spacing within the paragraph, and double line spacing after the paragraph. 11.2 The text must be justified. 11.3 All of the pages must be numbered in the bottom right hand corner of the page. 11.4 All margins must be 2.5cm, but the left margin must be 3cm. 11.5 South African English and not American English should be used. For example, the correct spelling is “Labour” and not “Labor”. 11.6 Do NOT use abbreviations or SMS language. 11.7 Use quotations very sparingly. In this portfolio, a maximum of 5% of the text may be quoted