Risk Management

1. INTRODUCTION
Koinz (Pty) Ltd (Koinz) is at all times required to have and effectively employ the resources, procedures and
appropriate technological systems that can reasonably be expected to eliminate as far as reasonably possible,
the risk that clients, product suppliers and other providers or representatives will suffer financial loss through theft,
fraud, other dishonest acts, poor administration, negligence, professional misconduct or culpable omissions.
Koinz must, structure the internal control procedures concerned to provide reasonable assurance that the relevant
business can be carried on in an orderly and efficient manner, financial and other information used or provided by
the provider will be reliable, and all applicable laws are complied with.
The Risk Management Policy defines the overall Koinz’s risk management system. This system is the approach,
applied across Koinz, to support the management in discharging their respective duties in relation to the
sustainable operation of the business. The risk management system is supported by frameworks, policies,
processes and actions relating to the taking, management and reporting of risk.
Risk can be viewed as the combination of the probability of an event and the impact of its consequences. Events
with a negative impact represent risks that can prevent value creation or erode existing value. In order to deliver value
to its stakeholders, Koinz must understand the types of risks faced by the organisation and address them
appropriately.

All Rights Reserved. Certified Financial Service Provider. Koinz (PTY)Ltd - FSP No. 53477 - Registration: 2022/235484/07