At first glance I thought it was one of those convoluted mnemonic figures where each attribute stands for a part of a Bible book or chapter. But yeah, it appears to be about sins.
The dog apparently stands for Envy.
Pride is clearly symbolized by the peacock feathers, as well as the crown and any rich clothing (the latter does not really apply here). Maybe also the angel wings.
Sloth is the donkey.
The cup stands for Gluttony (drinking lots of wine).
The vulture claw in her hand probably stands for Greed. But then I don't know where Wrath is.
In other examples, "lust" is just written on the chest, but here she is nude to make it even clearer.
The leg she stands on tends to signify man's life, and the snake is death.
I expect this is a crossover from a closely related tradition. Here is a similar example from a Biblia pauperum: You are not allowed to view links.
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In short, for this image the crown + nudity stands for pride + lust. Venus is never far off, it seems