Systems and methods for managing information associated with legal, compliance and regulatory risk

• US 8,510,300 B2
• Filed: 09/15/2004
• Issued: 08/13/2013
• Est. Priority Date: 07/02/2004
• Status: Expired due to Fees

• Current Assignee: Regulatory DataCorp, Inc. (Moody's Corporation)
• Original Assignee: Goldman Sachs & Company (Goldman Sachs Group Incorporated)
• Inventors: Lawrence, David, Nitze, Peter, MacDonald, Alasdair
• Primary Examiner(s): Ruiz, Angelica
• Application Number:
  US10/941,742
• Publication Number:
  US 20060004719A1
• Time in Patent Office: 3,254 Days
• Field of Search: 705/38, 707/3
• US Class Current: 707/736
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: H04L 63/1433 Vulnerability analysis
• CPC Class Codes: H04L 67/60 Scheduling or organising the servicing of application requests, e.g. requests for application data transmissions using the analysis and optimisation of the required network resources admission control or resource allocation H04L47/70

Abstract

Some embodiments include a system, method, apparatus and means for managing information associated with risk. In some embodiments, information associated with risk is collected, analyzed, stored, and disseminated. According to some embodiments, the information associated with risk is utilized to identify risk.

Claims

1. A processor-implemented risk relevancy determination method, comprising:

receiving, via a processor, information from one of a plurality of sources;

generating an intermediate output file having a predetermined format;

performing a coarse level of filtering by comparing, via the processor, portions of the intermediate output file with a specified keyword to identify coarse risk relevant portions of information in the intermediate output file and filter out non-coarse risk relevant portions;

searching, via the processor, the identified coarse risk relevant portions of the intermediate output file for an action keyword and for a relationship keyword to determine subsequent risk relevant portions of the identified coarse risk relevant portions of the intermediate output file and filter out non-subsequent risk relevant portions;

tagging, via the processor, the subsequent risk relevant portions of the intermediate output file; and

storing information associated with the subsequent risk relevant tagged portions of the intermediate output file in a database.

2. The method of claim 1, further comprising:

comparing the tagged portions of the intermediate output file with data previously stored in the database to determine that the tagged portions are not redundant.

3. The method of claim 1, wherein the storing further comprises:

storing the tagged portions in a data structure arranged to facilitate the identification of risk.

4. The method of claim 1, wherein the information is received from a web site, the method further comprising:

monitoring the web site for a change; and

extracting the information from the web site.

5. The method of claim 1, further comprising:

receiving second information from a second of a plurality of sources;

determining that the second of a plurality of sources is a pre-qualified source; and

directly storing the second information in the database without further determining a risk relevancy of the second information.

6. The method of claim 1, further comprising:

deleting the filtered out portions of the intermediate file.

7. The method of claim 1, further comprising:

receiving a search request from a user, the search request having a search term specifying at least one of an individual name or an entity name;

searching the database for the search term; and

returning a search result to the user, the search result including risk information associated with the search term.

8. The method of claim 7, wherein the search request and the search results are provided via a network interface.

9. The method of claim 1, further comprising:

generating an alert notification if the tagged portions of the intermediate output file meet predetermined alert criteria.

10. The method of claim 9, further comprising:

automatically transmitting the alert notification to at least a first predetermined recipient.

11. A risk relevancy determination system, comprising:

a processor; and

a storage device in communication with the processor and storing instructions adapted to be executed by said processor to;

receive information from one of a plurality of sources;

generate an intermediate output file having a predetermined format;

perform a coarse level of filtering by comparing portions of the intermediate output file with a specified keyword to identify coarse risk relevant portions of information in the intermediate output file and filter out non-coarse risk relevant portions;

search the identified coarse risk relevant portions of the intermediate output file for an action keyword and for a relationship keyword to determine subsequent risk relevant portions of the identified coarse risk relevant portions of the intermediate output file and filter out non-subsequent risk relevant portions;

tag the subsequent risk relevant portions of the intermediate output file; and

store information associated with the subsequent risk relevant tagged portions of the intermediate output file in a database.

12. The system of claim 11, further comprising instructions to:

compare the tagged portions of the intermediate output file with data previously stored in the database to determine that the tagged portions are not redundant.

13. The system of claim 11, wherein the instructions to store further comprise instructions to:

store the tagged portions in a data structure arranged to facilitate the identification of risk.

14. The system of claim 11, wherein the information is received from a web site, the method further comprising instructions to:

monitor the web site for a change; and

extract the information from the web site.

15. The system of claim 11, further comprising instructions to:

receive second information from a second of a plurality of sources;

determine that the second of a plurality of sources is a pre-qualified source; and

directly store the second information in the database without further determining a risk relevancy of the second information.

16. The system of claim 11, further comprising instructions to:

delete the filtered out portions of the intermediate file.

17. The system of claim 11, further comprising instructions to:

receive a search request from a user, the search request having a search term specifying at least one of an individual name or an entity name;

search the database for the search term; and

return a search result to the user, the search result including risk information associated with the search term.

18. The system of claim 17, wherein the search request and the search results are provided via a network interface.

19. The system of claim 11, further comprising instructions to:

generate an alert notification if the tagged portions of the intermediate output file meet predetermined alert criteria.

20. The system of claim 11, further comprising instructions to:

automatically transmit the alert notification to at least a first predetermined recipient.