SARB imposes administrative sanctions against Nedbank - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The South African Reserve Bank (SARB) has imposed administrative sanctions on Nedbank for failing to comply with some administrative requirements of the Financial Intelligence Centre Act (FICA).

Customers look on outside Nedbank, after the bank closed due to load shedding, at the Mall of the South in Johannesburg, South Africa, March 17, 2019.Customers look on outside Nedbank, after the bank closed due to load shedding, at the Mall of the South in Johannesburg, South Africa, March 17, 2019.

The bank imposed financial penalty of R35-million, of which R15-million has been conditionally suspended.

 

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I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01

I was defrauded and I was banking with Nedbank. A company called FASTA debited on my account and I Reported and reversed the debit Order but the following month they debited again, I reported it again and Nedbank said it was my fault and they can't help. Now it's making sense

They must close its operating license !!!!

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