SYSTEM AND METHOD FOR VERIFIED COMPLIANCE IMPLEMENTATION

• US 20130246292A1
• Filed: 03/16/2012
• Published: 09/19/2013
• Est. Priority Date: 03/16/2012
• Status: Active Grant

• Current Assignee: Refinitiv US Organization, LLC (Refinitiv US Holdings, Inc.)
• Original Assignee: Refinitiv US Organization, LLC (Refinitiv US Holdings, Inc.)
• Inventors: Dick, Zane, Lalonde, Gary, Pulver, Janna, Seidel, Rowan C., Thody, Lora
• Granted Patent: US 10,395,185 B2
• Time in Patent Office: Days
• US Class Current: 705/317
• CPC Class Codes: G06Q 10/00 Administration; Management

Abstract

A compliance computer creates compliance documents referencing one or more rules with which an entity must comply and/or a jurisdiction and topic related to rules with which the company must comply. For example, the compliance documents may identify one or more jurisdictions in which the company operates, one or more topics associated with the company, and/or specific provisions set by specific rules. A transmission object is created based on the compliance documents. The transmission object includes general information pertinent to the rules and/or the entity (e.g., jurisdictional or topical information). An operator server receives one or more transmission objects from one or more compliance computers. The operator server identifies rules pertinent to each transmission object and conducts a search to determine whether any of those rules have been modified. The operator server sends a signal that is associated with the one or more compliance rules to the compliance computer.

Claims

1. A computer-implemented method for identifying a compliance rule and receiving an update to the compliance rule, the method comprising:

creating metadata associated with a compliance rule in a compliance document using one or more processors;

creating a transmission object by incorporating data corresponding to only select portions of the compliance document using the one or more processors, wherein the data incorporated into the transmission object includes the metadata associated with the compliance rule;

sending the transmission object using the one or more processors; and

receiving, in response to the step of sending the transmission object, a notification identifying an update to the compliance rule.

2. The method of claim 1, wherein the metadata in the transmission object identifies a set of jurisdictions and a set of topics.

3. The method of claim 1, wherein the metadata in the transmission object identifies a section of the compliance document in which the compliance rule is located.

4. The method of claim 1, wherein the update to the compliance rule is a modification to the compliance rule, and wherein the method further comprises updating the compliance document by incorporating the modification into the compliance document.

5. The method of claim 1, wherein creating metadata associated with the compliance rule in the compliance document comprises:

identifying a reference to the compliance rule; and

identifying a section of the compliance document in which the compliance rule is referenced.

6. The method of claim 1, further comprising:

receiving a template containing a prompt for information relating to a compliance rule; and

using the information prompted by the template to create the compliance document.

7. The method of claim 1, further comprising:

creating a profile that identifies an area of operations;

transmitting the profile; and

receiving a template, wherein the template includes a prompt to input information relating to the compliance rule into the compliance document, and wherein the prompt is based on the area of operations identified in the profile; and

inputting the information prompted by the template into the compliance document.

8. The method of claim 7, further comprising inputting instructions into the compliance document that instructs users on how to respond if an entity or a satellite location of the entity is not in compliance with the compliance rule.

9. A computer-based system for receiving updates to a compliance rule referenced in a compliance document while preserving privacy, the system comprising:

an incorporation module configured to use one or more processors to create a transmission object using metadata associated with key terms or phrases in the compliance document without including specific policies regarding the compliance rule in the compliance document;

a review module configured to present the metadata to a user for approval using the one or more processors; and

an update module configured to receive a notification conveying an update to the compliance rule in the compliance document using the one or more processors.

10. The computer-based system of claim 9, further comprising:

a compliance document search module configured to search the compliance document for key terms or phrases related to the compliance rule; and

a compliance document tagging module configured to create the metadata associated with the key terms and phrases identified by the compliance document search module.

11-13. -13. (canceled)