Patent ID: 8209246

Claim:
A computer system implemented method for managing regulatory and reputational risk, the method comprising: receiving into a computer system informational artifacts with content related to at least one of: reputational risk, regulatory risk and legal risk transaction including requests involving unaccustomed foreign account activity, requests for secrecy or exceptions to Bank Secrecy Act requirements, requests for routing through a secrecy jurisdiction and unusual fund or transaction activity; defining within the computer system one or more risk variables generally related to one or more financial transactions; receiving into the computer system proprietary data descriptive of a particular financial; identifying by the computer system one or more risk variables with the received proprietary data; assigning at least one category numerical value to the received proprietary data, wherein the category numerical value is a weight assigned according to a category of the received proprietary data; associating by the computer system at least one informational artifact with content related to at least one of: reputational risk, regulatory risk and legal risk, with the risk variables identified; generating a numerical weighted value, wherein the numerical weighted value is a rating of risk experienced by the risk variable associated with at least one informational artifact with content related to at least one of: reputational risk, regulatory risk and legal risk; calculating a risk quotient by multiplying the generated numerical weighting value with the category numerical value; updating by the computer system the association of the content based on receiving periodic supplemental data associated with reputational risk, regulatory risk and legal risk informational artifacts; detecting potential violations of law and addressing suitability of the particular financial transaction by creating structured historical data relating to the particular financial transaction based on the calculated risk quotient; and generating by the computer system a report based on the structured historical data for use within a predefined organization and comprising a description of the informational artifacts associated with the risk variables identified.