BIOMETRIC RISK MANAGEMENT

1 .- 20 . (canceled)

21 . A processor-implemented method for managing risk, the method comprising:

receiving, at a risk management computer system, a risk inquiry for a financial transaction, the inquiry including biometric input of a person conducting the financial transaction and transaction information;

receiving, from a risk management clearinghouse, biometric profile data and risk information associated with the biometric input;

performing analysis, using the risk management computer system, to identify relationships between the biometric input, the biometric profile data, the risk information, and the transaction information;

generating, using the risk management computer system, a risk report for the transaction based on the performed analysis and the relationships, wherein information that would violate a prevailing law or regulation is excluded from the risk report;

creating a due diligence record that includes the risk report and documentation of the performed analysis; and

transmitting the risk report in response to the inquiry.

22 . The method of claim 21 further comprising:

calculating a quantitative risk quotient based on the analysis; and

including the quantitative risk quotient in the risk report.

23 . The method of claim 21 wherein the risk inquiry further includes biometric input of one or more people in addition to the person conducting the financial transaction.

24 . The method of claim 23 wherein at least one of the one or more additional people accompanies the person conducting the financial transaction and is not a party to the financial transaction.

25 . The method of claim 21 wherein information is removed from the risk report prior to the transmitting to comply with contractual obligations.

26 . The method of claim 21 wherein the biometric profile data and the risk information received from the risk management clearinghouse are associated with one or more sources including: United States (U.S.) Commerce Department, U.S. White House, Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), U.S. adverse business-related media reports, U.S. regulatory enforcement actions, international regulatory enforcement actions, international adverse business-related media reports, a list of politically connected individuals and military leaders, a list of organized crime members and affiliates, and court records.

27 . The method of claim 26 wherein the risk report includes one or more conclusions based, at least in part, on the one or more sources.

28 . The method of claim 26 wherein the risk report includes identification of the one or more sources.

29 . The method of claim 21 wherein the risk report indicates one or more of reputational risk and regulatory risk.

30 . The method of claim 21 wherein the risk report includes a suggested action based on the analysis.

31 . The method of claim 21 wherein the biometric input includes one or more of: a photo, an eye scan, a fingerprint, DNA information, a physiological geometry, and a voice print.

32 . The method of claim 21 wherein the prevailing law or regulation is the Fair Credit Reporting Act (FCRA).

33 . A system for managing risk related to a financial transaction comprising:

a memory containing machine-readable instructions; and

a computer processor in communication with the memory and configured to execute the instructions to:

receive a risk inquiry for the financial transaction including biometric input of a person conducting the financial transaction and transaction information;

receive, from a risk management clearinghouse, biometric profile data and risk information associated with the biometric input;

perform analysis to identify relationships between the biometric input, the biometric profile data, the risk information, and the transaction information;

generate a risk report for the transaction based on the analysis and the relationships, wherein the risk report includes a quantitative risk quotient and does not include information that would violate a prevailing law or regulation;

update due diligence records to include the risk report and documentation of the performed analysis; and

transmit the risk report in response to the inquiry.

34 . The system of claim 33 wherein the biometric profile data and the risk information received from the risk management clearinghouse are associated with one or more sources including: United States (U.S.) Commerce Department, U.S. White House, Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), U.S. adverse business-related media reports, U.S. regulatory enforcement actions, international regulatory enforcement actions, international adverse business-related media reports, a list of politically connected individuals and military leaders, a list of organized crime members and affiliates, and court records.

35 . The system of claim 34 wherein the risk report includes one or more conclusions based, at least in part, on the one or more sources.

36 . The system of claim 34 wherein the risk report includes identification of the one or more sources.

37 . The system of claim 33 wherein the risk report includes a suggested action based on the analysis.

38 . The system of claim 33 wherein the biometric input includes one or more of: a photo, an eye scan, a fingerprint, DNA information, a physiological geometry, and a voice print.

39 . The system of claim 33 wherein the prevailing law or regulation is the Fair Credit Reporting Act (FCRA).

40 . A non-transitory computer-readable medium comprising a plurality of machine-executable instructions that, when executed by one or more computer processors, direct the one or more computer processors to:

receive a risk inquiry for a financial transaction including biometric input of a person conducting the financial transaction and transaction information;

receive, from a risk management clearinghouse, biometric profile data and risk information associated with the biometric input;

perform analysis to identify relationships between the biometric input, the biometric profile data, the risk information, and the transaction information;

generate a risk report for the transaction based on the analysis and the relationships, wherein the risk report includes a quantitative risk quotient;

modify the risk report by removing information that would violate a prevailing law or regulation;

create electronically stored due diligence documentation for the transaction that includes the risk report and the performed analysis; and

transmit the modified risk report in response to the inquiry.