Patent ID: 7181428
Filing Date: 2007-02-20
Classification: G06Q

Abstract:
1. A computer-implemented method to facilitate management of risk related to political exposure associated with a financial transaction, comprising: receiving digital financial transaction data into a computer system including data identifying a participant in the financial transaction; determining that the participant is a politically identified person (“PIP”) by referencing digital data in a memory of a computer system indicating that the participant has a status of at least one of: an elected official, a bureaucrat, a political appointee, a World Bank Official and a military personnel; calculating a first category political risk score based on the financial transaction data; calculating a second category political risk score based on the financial transaction data; calculating, based on the first and second category political risk scores, an overall transaction political risk quotient associated with the financial transaction; and comparing the overall transaction political risk quotient with a risk quotient threshold to determine a suggested action associated with the financial transaction.