Compliance or regulatory risk management is an integral part of managing any business, but banks are obliged to manage their compliance risk in line with the compliance requirements of the Banks Act 94 of 1990 as well as in terms of relevant pieces of legislation e.g. the Financial Advisory and Intermediary Services Act (FAIS Act), the Financial Intelligence Centre Act (FICA) and the National Credit Act (NCA) etc. To ensure business success, compliance risk management is an essential management tool for WesBank. It is nothing more than best practice management in line with regulatory requirements imposed by law.