Automated Political Risk Management
8 Assignments
0 Petitions
Accused Products
Abstract
A risk management method and system for facilitating analysis and quantification of risk associated with politically exposed persons is disclosed. A computerized political risk management system maintains a database relating individuals to politically sensitive positions and world events. A rating system is used to assess risk based upon criteria such as a position held, historical data and/or interpretation of world events. The system can generate a risk quotient or other rating based upon a weighted algorithm applied to the criteria. The risk quotient is indicative of risk associated with an account. Actions commensurate with a risk quotient can be presented to an institution to help the institution properly manage risk associated with a politically exposed person. A log or other stored history can be created such that utilization of the system can mitigate adverse effects relating to a problematic account. Mitigation can be accomplished by demonstrating to regulatory bodies, shareholders, news media and other interested parties that corporate governance is being addressed through tangible risk management processes.
24 Citations
22 Claims
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1. (canceled)
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2. A processor-implemented method for facilitating management of risk related to political exposure associated with a financial transaction, comprising:
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receiving data relating to a financial transaction involving a politically identified person; structuring the received data according to political risk quotient criteria; calculating via a processor a political risk quotient based on the structured data; comparing the political risk quotient with a risk quotient threshold to determine a suggested action for proceeding with the financial transaction; and facilitating the financial transaction with the determined suggested action. - View Dependent Claims (3, 4, 5, 6, 7, 8)
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9. A processor-implemented method for facilitating management of risk related to political exposure associated with a financial transaction, comprising:
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calculating via a processor a political risk score for each of a plurality of political risk categories based on financial transaction data associated with a financial transaction; calculating, based on the plurality of category political risk scores, an overall transaction political risk quotient associated with the financial transaction; comparing the overall transaction political risk quotient with a risk quotient threshold to determine a suggested action for proceeding with the financial transaction; and facilitating the financial transaction with the determined suggested action. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A system for facilitating management of risk related to political exposure associated with a financial transaction, comprising:
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a memory; a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to; receive data relating to a financial transaction involving a politically identified person; structure the received data according to political risk quotient criteria; calculate a political risk quotient based on the structured data; compare the political risk quotient with a risk quotient threshold to determine a suggested action for proceeding with the financial transaction; and facilitate the financial transaction with the determined suggested action. - View Dependent Claims (17, 18, 19)
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20. A system for facilitating management of risk related to political exposure associated with a financial transaction, comprising:
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a memory; a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to; calculate via a processor a plurality of category political risk scores based on financial transaction data associated with a transaction; calculate based on the plurality of category political risk scores an overall transaction political risk quotient associated with the financial transaction; compare the overall transaction political risk quotient with a risk quotient threshold to determine a suggested action for proceeding with the financial transaction; and facilitate the financial transaction with the determined suggested action. - View Dependent Claims (21, 22)
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Specification