US 2012/0084227 A1 · System and Method for Mapping and Compliance Monitoring of Banks

Abstract

A system and method for creating and maintaining a correspondent banking relationship mapping including current illicit designations. The system enables identification of a bank's correspondent relationships and the relationships of their correspondents. Through the system and method users can identify which banks have illicit relationships prior to engaging with banks or can be notified if the status of any banks which they have an existing relationships changes because a correspondent bank has entered into a correspondent relationship with an illicit banking entity.

Claims8

Dependent claims

A system of determining correspondent relationships between banks comprising:

a. one or more Banking Data Sources;
b. a means for extracting correspondent bank information from the Banking Data Sources;
c. a correspondent banking database wherein the correspondent banking database is populated from the correspondent bank information;
d. a means for processing the correspondent banking database to produce a correspondent focused database;
e. a means to verify correspondent information;
f. a means to compute the minimum degree of separation between two banks in the Bank Data Sources;
g. and where the minimum degree of separation is at least two degrees.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application

13/111,792Filed 19 May 2011

Priority

5 Oct 2010

Published

5 Apr 2012

Term ends

Not estimatedThe source records don’t support an estimate.

Classification3 codes

G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q 30/0282
Marketing; Price estimation or determination; Fundraising: rating or review of business operators or products
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

System and Method for Mapping and Compliance Monitoring of Banks

Life of this patent

System and Method for Mapping and Compliance Monitoring of Banks

Life of this patent

Abstract

Claims8