(1)What (a) was the (i) nature and (ii) terms of the directive issued by the Bank Supervision Department of the SA Reserve Bank (SARB) to the VBS Mutual Bank for noncompliance with anti-money laundering and/or combatting the financing of terrorism regulations in the 2016-17 financial year and (b) remedial action was the VBS Mutual Bank instructed to take in terms of the specified directive;
(2) whether the VBS Mutual Bank took steps to comply with the directive; if so, what are the details of the remedial action taken by the bank to comply with the directive;
(3) whether the Bank Supervision Department of the SARB took any steps to monitor and enforce compliance with the directive; if not, why not; if so, (a) what steps were taken and (b) how often was monitoring conducted?