insic risk management

insic Risk Management Online for Franchise Organizations

The insic Risk Management System (RMS) for franchise organizations enables the efficient creation of risk analyses in accordance with the Money Laundering Act in an online portal.

The RMS maps procedures for the qualification of processes, risks, and risk mitigation measures. The assessment is conducted online using multiple-choice questionnaires .

Step 1: The RMS provides a ready-to-use catalog of 100 operational processes for gaming companies and goods traders to evaluate.

Step 2: A prepared catalogue of over 100 money laundering risks , structured into risk classes, is assessed online according to the probability of occurrence.

Step 3: Over 200 possible risk mitigation measures are assigned to the risks. These must be evaluated online according to their respective level of implementation, and the responsible department must also be identified.

At the end of the process, the obligated party receives a comprehensive report containing the identified risks, the associated processes, and the measures to be taken in the responsible areas. Based on the risk positions and the degree of implementation, the system determines key performance indicators (KPIs) to evaluate risk and action priorities over time.

After logging in individually, franchisees and subsidiaries assess only the risks relevant to them . The decentralized responses are incorporated into the calculation of the organization’s KPIs.

Shorten the creation time of group-wide risk analyses, manage the implementation of measures and create transparency through continuously calculated KPIs!