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: 

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
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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  Reregistered  2021-06-30  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. Chartall Business College 
2. Nedbank Ltd 
3. The Institute of Literacy Advancement 



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.