Automated political risk management
First Claim
1. A processor-implemented method for facilitating management of risk related to political exposure associated with a financial transaction, comprising:
- 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.
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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.
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Citations
21 Claims
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1. 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 (2, 3, 4, 5, 6, 7)
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8. 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 political risk category 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 (9, 10, 11, 12, 13, 14)
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15. 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 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 (16, 17, 18)
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19. A system far 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 (20, 21)
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Specification