Patent ID: 8244614

Claim:
A computer implemented method for performing compliance checking on a request associated with a party to determine if, in view of a relationship between the party and an entity, the request complies with specified restrictions, the method comprising the steps of: receiving by a computer compliance system a compliance request identifying the party and a particular instrument associated with an issuer; receiving by the computer compliance system restrictions associated with the particular instrument; receiving profile information reflecting at least the relationship between the associated party and the entity; selecting by the computer compliance system at least one applicable compliance rule from a compliance rule set, wherein the applicable compliance rule is selected based on the party's profile information; dynamically updating a baseline rule set, an additional rule set and a rule exceptions set via the compliance rules engine; applying via the computer compliance system the applicable compliance rule to determine when the compliance request complies with the restrictions; and generating a response message comprising results of the compliance request rules application.