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AML/CFT Risk Dashboards

The world’s first software-as-a-service (SaaS) Money Laundering Risk Assessment Tool

The Money Laundering Risk Assessment Tool makes it easy to identify, assess, mitigate and manage AML/CFT risks

  • Overall Risk Rating

    The Overall Risk Rating gauge depicts whether the weighted risks assessed during the risk assessment constitute a High, Medium or Low risk based on weighting algorithms underpinning the risk model configuration activity. This overall output represents a summary across all risk groups, risk categories, risk sub-categories and risk factors based on any weightings assigned to provide an aggregated Overall Risk Rating score.

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  • Highest Risk Contributors

    The Highest Risk Contributor diagram represents the top 5 categories of risk based on the relative weighting of the risk categories, risk sub-categories and underlying risk factors that are most influential in driving the Overall Risk Rating.

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  • Risk Identification - Risk Groups

    This pie chart depicts the percentage and number of risk factors and their assessed Risk Group, for example; Tactical, Strategic, Operational risks.

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  • Risk Identification - Risk Types

    This pie chart depicts the percentage and number of risk factors and their assessed Risk Type, for example; Concern, Threat or Opportunity etc.

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  • Risk Analysis - Inherent Risk Distribution

    This pie chart depicts the percentage and number of risk factors and their assessed Inherent Risk Distribution (meaning likelihood x impact), for example; Extreme Risk, Very High Risk, Medium Risk, Low Risk etc.

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  • Risk Analysis - Residual Risk by Model Categories

    This bar chart depicts the Residual Risk Rating distribution across every risk category assessed during the risk assessment. This provides insight into those areas which are considered to present the highest risks after the effect of mitigating controls have been taken into consideration.

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  • Risk Evaluation - Residual Risk Distribution

    This pie chart depicts the percentage and number of risk factors and their assessed Residual Risk Distribution (meaning Inherent Risk Rating x existence/effectiveness of mitigating controls), for example; Extreme Risk, Very High Risk, Medium Risk, Low Risk etc.

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  • Risk Evaluation - Potential Consequences

    This pie chart depicts the percentage and number of risk factors and their assessed Potential Consequences, for example; Financial Loss, Loss of License, Regulatory Action, Reputation Impact etc.

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  • Risk Evaluation - Inherent Risk Rating Matrix

    The Inherent Risk Rating matrix plots the likelihood of a risk factor occurring and the corresponding impact were the risk to eventuate to provide an overall Inherent Risk Rating. This is plotted into the matrix with a count of the number of risk factors across the risk assessment with this Inherent Risk Rating profile. Each cell is drivable to reveal the underlying ‘child’ level data of the risk factors assessed in this way.

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  • Risk Evaluation - Residual Risk Rating Matrix

    The Residual Risk Rating matrix plots the outcome of the Inherent Risk Rating and takes into consideration both the existence and effectiveness of any mitigating controls to provide an overall Residual Risk Rating. This is plotted into the matrix with a count of the number of risk factors across the risk assessment with this Residual Risk Rating profile. Each cell is drivable to reveal the underlying ‘child’ level data of the risk factors assessed in this way.

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  • Risk Evaluation - Residual Risk vs. Risk Appetite

    The purpose of the Residual Risk Rating vs. Risk Appetite matrix is to identify any disconnects between these metrics. For example, if the Residual Risk Rating has been assessed as Extreme Risk, but the Risk Appetite for these risk factors is Moderate this means that there is a significant disparity in the risk that exists compared to the organisations acceptance of this level of risk. Each cell is drivable to reveal the underlying ‘child’ level data of the risk factors assessed in this way.

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  • Risk Evaluation - Existing Mitigating Control by Inherent Risk Rating

    This bar chart plots the Inherent Risk Rating score of all assessed risk factors and identifies any Inherent Risks where there is and is not any mitigating control as a way of highlighting actions that can be taken to reduce the overall Residual Risk Rating score. For example, if there are a number of risk factors assessed as Extreme Risk but there is no mitigating controls in place, this means that no action is being taken to reduce the risk or in other words the residual risk will also remain high as the risk factor is untreated.

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  • Risk Evaluation - Effectiveness of Mitigating Control by Inherent Risk Rating

    This bar chart plots the Inherent Risk Rating score of all assessed risk factors and assesses the existence and effectiveness of any mitigating controls in reducing the overall Residual Risk. For example, if there are a number of risk factors assessed as Extreme Risk but several Poor/Ineffective mitigating controls have been assessed this means that the organisation is not going far enough to reduce the overall Residual Risk for these risk factors.

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  • Risk Treatment - Is this required?

    This pie chart provides a percentage and number of risk factors where Risk Treatment is and is not required. Each segment of the pie chart is drillable to reveal the underlying risk factors.

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  • Risk Treatment Options

    This pie chart depicts the percentage and number of risk factors and the assessed Risk Treatment options, for example, Risk Avoidance, Risk Control, Risk Transfer or Risk Retention. Each segment of the pie chart is drillable to reveal the underlying ‘child’ level risk factor data.

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  • Risk Treatment Owner(s)

    This pie chart depicts the percentage and number of risk factors and the owner of the Risk Treatment actions. Each cell is drillable to reveal the underlying ‘child’ level risk factors assigned to each Risk Treatment Owner.

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The slider above outlines the individual elements of the Risk Dashboard which ultimately provides real-time data analytics on every aspect of the risk assessment, allowing risk managers and executives to effectively manage their financial crime risk management programmes.

Every element of the Risk Dashboard is drillable, meaning that the user can click on any data and drill through to the underlying ‘child’ reports putting the user fully in control at the touch of a button.

The Risk Dashboards can be exported to PDF at any time to ‘snapshot’ the current state of the Risk Dashboard metrics – download a sample report today!

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Overall Risk Rating

The Overall Risk Rating gauge displays the risk rating for the entire AML/CFT risk assessment based on the risk model configuration settings and the relative weighting algorithms residing in the AML/CFT Risk Assessment platform.

The risk threshold cutoffs between Low, Medium and High risk can be configured by each organisation at their discretion.

Highest Risk Contributors

The Highest Risk Contributors graph displays the Top 5 risk categories in terms of the influence each has in generating the highest weighted risk score, based on the relative weighting of the group, category, sub-category and underlying risk factor weightings.

Risk Identification – Risk Groups

The Risk Groups pie chart displays the percentage (and number) distribution across different risk groups including; Strategic, Tactical, Operational etc. to provide some context on the importance of the risk group to the organisation.

Risk Identification – Risk Types

The Risk Types pie chart displays the percentage (and number) distribution across different risk groups including; Concern, Threat or Opportunity etc. to provide some context on the type of risks faced by the organisation.

Inherent Risk Distribution

The Inherent Risk Rating pie chart displays the distribution of risk factors assessed as having different inherent risks (likelihood x impact), for example; Extreme Risk, Very High Risk, High Risk, Medium Risk and Low Risk.

Residual Risk by Model Categories

The Residual Risk by Model Categories displays the distribution of Residual Risk ratings for each category of the AML/CFT risk model and graphically depicts where the residual risks remain highest across all of the assessed risk factors comprising the model category.

Residual Risk Distribution

The Residual Risk Rating pie chart displays the distribution of risk factors assessed as having different residual risks (meaning inherent risks after mitigating controls have been taken into effect), for example; Extreme Risk, Very High Risk, High Risk, Medium Risk and Low Risk.

Potential Consequences

The Potential Consequences pie chart displays the distribution of risk factors assessed as having different potential consequences for the organisation, for example; Financial Loss, Loss of License, Regulatory Action, Repetition Impact and Loss of Confidence/Trust.

Inherent Risk Rating Matrix

The Inherent Risk Matrix displays the distribution of risk factors based on the likelihood (i.e. Guaranteed, Very Likely, Likely, Unlikely, Rare) of a risk event occurring and the impact (i.e. Insignificant, Low, Moderate, High, Extreme) if the risk factor were to eventuate.  A count of these risk factors is plotted in each corresponding cell, which is drillable to reveal the underlying risk factors with this Inherent Risk profile.

Residual Risk Rating Matrix

The Residual Risk Matrix displays the distribution of risk factors based on the Inherent Risk Rating (calculated from Likelihood x. Impact) and takes into consideration the existence and effectiveness of any mitigating control (i.e. None, Poor/Ineffective, Fair/Moderately Effective, Good/Effective, Excellent/Highly Effective) present that is designed to reduce the overall Residual Risk.

A count of these risk factors is plotted in each corresponding cell, which is drillable to reveal the underlying risk factors with this Residual Risk profile (i.e. Low, Medium, High, Very High or Extreme).

Residual Risk vs. Risk Appetite

The Residual Risk vs. Risk Appetite Matrix plots the Residual Risk outcome and compares this to the stated Risk Appetite for the same risk factors and displays the distribution of answers into corresponding cells.  The purpose behind this matrix is to identify where there are organisational disconnects between the stated risk appetite and the presiding residual risk after mitigating control effects have been factored in.

A count of these risk factors is plotted in each corresponding cell, which is drillable to reveal the underlying risk factors with this corresponding profile.

Existing mitigating controls by IRR

This bar graph displays the number of risk factors and their corresponding Inherent Risk rating (i.e. Low, Medium, High, Very High or Extreme) and overlays a count of whether there are any mitigating controls in place to reduce the overall Residual Risk.  The purpose behind this is to highlight any untreated risks so that the organisation can prioritise mitigating controls, where the risks are highest.

Effectiveness of mitigating controls by IRR

This bar graph displays the number of risk factors and their corresponding Inherent Risk rating (i.e. Low, Medium, High, Very High or Extreme) and overlays a count of how effective any mitigating controls at reducing overall Residual Risk.  The purpose behind this is to highlight risk factors that may have mitigating controls but may be assessed as being insufficient at significantly reducing the residual risk exposure.

Risk Treatment Required?

This pie chart summarises whether any risk treatment actions have been identified as being required.  The pie chart is fully drillable and once a segment is clicked, will display the relevant underlying risk factors.

Risk Treatment Options

This pie chart summarises the options that the organisation has decided upon once presented with the Residual Risk.  For example, an organisation may decide that the risk is acceptable without further action, or it may decide that the risk is unacceptable and look to mitigate this in other ways, such as avoiding the risk, reducing the risk by improving the mitigating controls, reducing the risk by reducing the likely occurrence and impact of risks or transfer the risk to a third party etc.

The pie chart is fully drillable and once a segment is clicked, will display the relevant underlying risk factors.

Risk Treatment Owner(s)

This pie chart summarises the owners that have been assigned to manage risk treatment actions resulting from the risk assessment.

The pie chart is fully drillable and once a segment is clicked, will display the relevant underlying risk factors.

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