Arvydas Balionis

US Patent:

20070100744, May 3, 2007

Filed:

Nov 1, 2005

Appl. No.:

11/264816

Inventors:

Bruce Wu - Jersey City NJ, US
Wai Hui - New Providence NJ, US
Arvydas Balionis - Hoboken NJ, US
Erika Wessel - New York NY, US
David Cheng - Green Brook NJ, US
Harvey Kaminsky - Merrick NY, US
Kenneth Kollar - Staten Island NY, US
Patrick Kidney - Kinnelon NJ, US

Assignee:

Lehman Brothers Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705038000

Abstract:

A money laundering prevention program administered by a financial institution. A plurality of risk factors associated with a potential for conducting illicit activities in connection with an account held at the financial institution are identified. The risk factors include jurisdiction-based risk factors, entity type-based risk factors, and/or business type-based risk factors. The risk factors are ranked and, based on the rank, each of the risk factors is assigned to a tier. Each of the tiers represents a level of risk that illicit activities will be conducted in connection with the account.