Turn Regulatory Obligations into Manageable Risks
Every compliance obligation creates risk for your venue. We help you assess these risks, design effective controls to mitigate them, and create clear visual frameworks that show exactly where you stand.
From Obligations to Risk Control
We map regulatory obligations to specific risks, assess their impact and likelihood, then design controls that reduce your risk to acceptable levels. Clear, visual, manageable.
Our Risk Management Process
From complex regulatory obligations to clear, manageable risk frameworks with effective controls.
Map Obligations to Risks
Identify specific risks stemming from each regulatory obligation affecting your venue.
Comprehensive risk register linked to obligations
Assess & Rate Risks
Evaluate impact and likelihood to create risk ratings and inherent risk heatmaps.
Inherent risk assessment and visual heatmap
Design Controls
Create targeted controls to mitigate identified risks to acceptable levels.
Control framework mapped to specific risks
Test & Monitor
Regular testing ensures controls remain effective, creating residual risk profiles.
Residual risk heatmap and ongoing monitoring
Key Risk Categories for Gaming Venues
Different types of risks require different approaches to assessment and control. We understand all the risk categories affecting gaming venues.
Regulatory Compliance Risk
Risk of breaching regulatory requirements and facing enforcement action.
- •Gaming licence condition violations
- •AML/CTF program deficiencies
- •Liquor compliance breaches
- •Safer gambling requirement failures
- •Reporting and documentation gaps
Operational Risk
Risk of operational failures affecting venue performance and compliance.
- •Gaming machine malfunctions
- •Cash handling procedure failures
- •Staff training inadequacies
- •System and process breakdowns
- •Customer service failures
Financial Risk
Risk of financial loss through penalties, fines, or operational impacts.
- •Regulatory penalties and fines
- •Revenue loss from compliance failures
- •Increased operational costs
- •Legal and professional fees
- •Reputational damage costs
Reputational Risk
Risk of damage to venue reputation and stakeholder relationships.
- •Public enforcement order publication
- •Media coverage of compliance failures
- •Community trust damage
- •Stakeholder confidence loss
- •Brand reputation impact
Strategic Risk
Risk of strategic objectives being compromised by compliance or operational issues.
- •Licence suspension or cancellation
- •Growth plan disruption
- •Investment impact
- •Partnership relationship damage
- •Market position erosion
Technology Risk
Risk from technology failures affecting compliance and operations.
- •Gaming system failures
- •Data security breaches
- •Backup and recovery failures
- •Software compliance issues
- •Integration system problems
Visual Risk Management with Heatmaps
We create clear visual representations showing your risk profile before and after implementing controls.
Inherent Risk Heatmap
Your risk exposure without controls
- ■High risk: Gaming licence breach with material penalties
- ■Very High risk: AML program deficiency with AUSTRAC enforcement
- ■High risk: Unsafe gambling practices affecting vulnerable customers
Residual Risk Heatmap
Your risk exposure with effective controls
- ■Low risk: Gaming licence compliance with effective monitoring controls
- ■Low risk: AML program with regular testing and documented procedures
- ■Very Low risk: Safer gambling with automated intervention systems
Building and Testing Effective Controls
Controls are only effective if they are properly designed, implemented, and regularly tested. We ensure your controls actually work.
Preventive Controls
Controls designed to prevent risks from occurring in the first place.
Staff training programs for gaming and liquor compliance
Test: Monthly competency assessments and refresher training
Automated gaming machine compliance checks
Test: Daily system monitoring and weekly manual verification
Customer due diligence procedures for AML compliance
Test: Random sample testing of customer files quarterly
Detective Controls
Controls that identify when risks have materialised or controls have failed.
Transaction monitoring for unusual activity
Test: Weekly review of monitoring alerts and investigation procedures
Regular compliance audits and inspections
Test: Annual independent review of audit findings and remediation
Gaming floor surveillance and monitoring
Test: Monthly review of surveillance procedures and incident logs
Corrective Controls
Controls that respond to and correct issues when they are identified.
Incident response procedures for compliance breaches
Test: Quarterly simulation exercises and response time measurement
Remediation programs for control deficiencies
Test: Semi-annual review of remediation effectiveness and timeliness
Customer complaint resolution processes
Test: Monthly review of complaint handling and resolution times
Assure provides the technology backbone for comprehensive risk management, from initial assessment through ongoing control testing and monitoring.
Risk Management Capabilities:
- Interactive risk heatmaps showing inherent and residual risk profiles
- Control effectiveness testing with automated scheduling and reminders
- Risk register linking obligations to specific risks and controls
- Real-time risk dashboard with status indicators and alerts
- Control testing documentation and evidence collection
- Risk trend analysis and reporting for management oversight
Risk Dashboard Example
Real-time risk status and control effectiveness
23 of 27 controls tested and effective this quarter
4 controls require testing, 2 remediation actions open
All controls tested effective, no open issues
5 staff require RSA renewal, 3 require RSG update
Ready to Transform Your Risk Management?
Every venue has unique risks based on their operations, location, and regulatory environment. Let us assess your specific risk profile and design effective controls.