Existing Experiences of Risk Assessment

This article examines the state of the art of qualitative and quantitative risk-assessment methodologies in a variety of fields in order to systemize common techniques. The risk-assessment case studies and their key principles detailed within can be used to assist in the development of an initial risk-assessment mechanism for proofing EU legislation against fraud, corruption, money laundering, and organized crime under project MARC. This article is organized as follows: first, four common areas of risk assessment are identified and examined for common tools, uncertainties, and assumptions. Second, prevalent models of assessment methodologies are examined and weighted according to their relative simplicity, flexibility, and thoroughness. Finally, recommendations are made based on the analysis of the areas and models of risk-assessment methodology in fields other than legislation safety that can point the way to the effective and efficient development and dissemination of crime-risk mitigation protocols.