Amabhungane Thelaundry Sasfin Bank's Snake Pit

This year, Sasfin Bank faced a major scandal involving its foreign exchange business, leading to a series of damaging revelations. The bank is now dealing with a multibillion-rand damages claim from SARS for allegedly facilitating widespread money laundering. In response, Sasfin announced its plans to delist from the Johannesburg Stock Exchange and eventually cease operations as a bank. Despite these drastic measures, the bank maintains that the issues were caused by a few quotbad applesquot among its employees. However, records obtained by AmaBhungane reveal that problems in Sasfin's forex department date back to at least 2014, involving questionable clients and suspicious transactions.

It's a complex situation with significant legal and financial implications. What are your thoughts on how Sasfin should handle this crisis moving forward?