COUNTRY RISK ASSESSMENT

What is the Country Risk Assessment Platform?

The Country Risk Assessment platform is a software-as-a-service (SaaS) cloud-based country and territory risk assessment tool, which contains a new methodology that assesses the country risk of 260 countries and territories based on over 25 credible third-party data sources and provides a normalised score across each survey and an overall country risk score for each country or territory based on a professional judgement across all surveys.

The Country Risk Assessment platform is maintained frequently to ensure that the latest survey results are considered, saving you time and money.

What does the Country Risk Assessment Platform measure?

The Country Risk Assessment platform measures the risks of each country or territory using over 25 credible third-party data sources that provide an assessment of the risk profile across the following risk factors dimensions:

  • Money Laundering and Terrorism Financing Risk Factors
  • Anti-Bribery and Corruption Risk Factors
  • Financial and Transparency Standards Risk Factors
  • Public Transparency and Accounting Risk Factors
  • Political and Legal Risk Factors

Our Methodology

We do not generate our own data, instead, we aggregate trusted third-party data from over 25 credible third-party data sources.

Since all the third-party sources use different metrics to assess the country risks, we employ normalisation and aggregation techniques to generate our own overall risk score and rating based on the component sources, applying expert judgment to derive the final overall country risk score.

Firstly, we compiled a list of 260 countries and territories based on the International Country Code standards.

Secondly, we referenced over 25 credible third-party data sources, grouped across five risk factor dimensions and marked the ‘actual’ score against each country.

Thirdly, we applied expert judgment to normalise the actual score for each data source; the methodology for this is available to our users.

Finally, we reviewed the composite risk scores across each of the 25 different risk factors and apply an expert judgment to derive the overall risk score for a country, which is based on a sliding scale from 1 (Extremely Low Risk) to 10 (Extremely High Risk).

As a result of applying a qualitative expert assessment the individual risk factors are not weighted equally or statistically, with greater emphasis placed on certain risk factor dimensions than others. Applying purely mathematical calculations to derive an overall risk factor, was considered initially but discounted due to the wide range of different variables and the potential for over or under-estimating key metrics. Country risk assessment is more of an art than an exact science!

260

Countries and Territories

25

Reliable Data Sources

1

Simple Report

0

More Hassle

How it works – Get started in 4 easy steps

Select Countr(ies)

The Country Risk Assessment platform contains normalised risk scores for 260 countries and territories that are frequently maintained by experts to save you time and money.

Select Data Sources

Select data sources to be included in the report – we maintain 25 reliable and independent sources and since the platform is highly configurable additional surveys can be easily added.

Visualise Outputs

Generate a ‘drillable’ world-map with the country risk of each country displayed and click to reveal the country score and composite risk factors that were included in the assessment.

Generate Report

Generate a customised country risk assessment report in PDF format containing selected countries and data sources summarising country risk ratings and retain for audit purposes.

Deployment Options

On-Premise

Our solutions can be installed and run on your organisation’s hardware, behind your own firewall and fully supported by your own organisation’s IT support staff which provides control over how the software is used and maintained and provides peace of mind to organisation’s who may not entrust compliance data hosted outside their premises.

Our IT team can provide support to your organisation’s own IT staff to help get you up and running.

Private Cloud

Our solutions are also available to be deployed off-premise as a ‘software-as-a-service’ (SaaS) offering which can be deployed to any private cloud hosting provider of your choice, for example, Amazon Web Services, IBM Softlayer

Private cloud hosting could provide peace-of-mind that trusted cloud-providers that your organisation may already be using to host other software applications, can be extended to new software applications.

Shared Cloud

Our solutions can also be deployed in the cloud using our preferred cloud-solution provider, Microsoft Azure, which is trusted by 57% of Fortune 500 companies.

Microsoft has the highest standards of security, privacy, transparency and compliance to ensure your data is securely hosted in an in-country data centre, which can dramatically reduce your ongoing support costs in terms of staffing, hardware and software acquisition, ongoing maintenance and power consumption.

In the media

Our subject matter experts are recognised as thought leaders in financial crime prevention and are regularly featured in leading GRC publications showcasing our knowledge and experience. We often present at conferences and have done our share of webinars too!

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(c) Financial Crimes Consulting Pty Ltd (Trading as Arctic Intelligence) | ACN: 149 878 875 | All rights reserved