SAQA

All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.

SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Manage the prevention of counterfeiting of currency in a banking environment

SAQA US ID	UNIT STANDARD TITLE
7294	Manage the prevention of counterfeiting of currency in a banking environment
ORIGINATOR
SGB Banking and Micro Finance
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Finance, Economics and Accounting
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 5	Level TBA: Pre-2009 was L5	12
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Reregistered"		2018-07-01	2023-06-30	SAQA 06120/18
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2026-06-30		2029-06-30

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.

This unit standard does not replace any other unit standard and is not replaced by any other unit standard.

PURPOSE OF THE UNIT STANDARD

This unit standard is intended for people who identify counterfeit currency and inform role players accordingly. People accredited with this unit standard are able to manage a counterfeit system; generate and disseminate an early warning advice and provide input into the designing of new currency.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

At least five years business experience within an administrative role.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Manage a counterfeit currency system.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. All relevant information is captured and recorded accurately in terms of Bank-specific policy and procedures.

ASSESSMENT CRITERION 2

2. All counterfeit notes on hand balance with the database in real time.

ASSESSMENT CRITERION 3

3. Relevant information is communicated to key role players immediately.

ASSESSMENT CRITERION RANGE

Includes but is not limited to reports as per regions, depositors, type, numbers, denominations and examples of counterfeit currency.

ASSESSMENT CRITERION 4

4. A manual on database procedure is provided and updated as per Bank-specific requirements and within policy guidelines.

ASSESSMENT CRITERION 5

5. The destruction of counterfeit is conducted under controlled conditions.

ASSESSMENT CRITERION 6

6. System maintenance is conducted according to Bank-specific requirements.

SPECIFIC OUTCOME 2

Generate and disseminate early warning advice.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Current and new types of counterfeit currency are identified.

ASSESSMENT CRITERION 2

2. Information on methodology is collected, analysed, interpreted and communicated to relevant role players.

ASSESSMENT CRITERION 3

3. All early warning advice documentation complies with Bank-specific formats.

ASSESSMENT CRITERION 4

4. All documentation on early warning advice is authorised prior to dissemination.

SPECIFIC OUTCOME 3

Provide input to new currency design.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Counterfeit developments, specific to technological advancements, are consistently monitored and reported.

ASSESSMENT CRITERION 2

2. The standard of counterfeit is consistently monitored and reported.

ASSESSMENT CRITERION 3

3. Information about methodologies for reproduction of security features of currency is sourced, tested and reported.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2. Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution which is accredited by the relevant ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

Information technology/Computational skills.
Report writing and oral presentation skills.
Project management knowledge.

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

The learner is able to identify current and new types of counterfeit currency.

UNIT STANDARD CCFO WORKING

The learner is able to work effectively with others when destruction of counterfeit notes take place under controlled conditions.

UNIT STANDARD CCFO COLLECTING

The learner is able collect, analyse and interpret information on methodology and counterfeit developments.

UNIT STANDARD CCFO COMMUNICATING

The learner is able to communicate, verbally and in writing, current and new types of counterfeiting to role players.

UNIT STANDARD CCFO SCIENCE

The learner is able to use science and technology effectively when forwarding management information and updating the information on a database.

REREGISTRATION HISTORY

As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Elective	61589	National Certificate: Banking	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD:

This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.

1.	Absa Learning & Development
2.	AFRICAN BANK LTD
3.	Chartall Business College
4.	Plumb Line Risk Alignment
5.	Production Management Institute of Southern Africa (Pty) Ltd
6.	Riverwalk Trading 151 CC trading as Culhane Consulting
7.	Standard Bank Personal and Business Banking
8.	The Institute of Literacy Advancement
9.	THE SHERQ CENTRE OF EXCELLENCE PTY LTD