Patent ID: 7389265

Claim:
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: comparing the data identifying the participant to information stored in a database, wherein comparing comprises searching for both identical and similar names in the database; and verifying the data identifying the participant by comparing the digital financial data to information associated with the data identifying the participant stored in the database if the data identifying the participant matches a name in the database; 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.