Abstract: Various methods for allowing a due diligence service provider to assist a financial institution with a regulatory or statutory compliance requirement are disclosed. The method may include receiving data from at least one recordkeeping system operatively associated with client accounts of the financial institution, wherein the account data include at least one account of a foreign financial institution; reviewing the account data to identify at least one foreign correspondent account which triggers at least one regulatory or statutory compliance requirement; eliminating account records not associated with a foreign financial institution; and, validating at least part of the account data by communicating a supplemental application to a client of the financial institution to determine applicability of the compliance requirement to the account data.

Abstract: An system for and method of repurchasing stock is presented. The system and method improve upon prior art techniques by limiting risk to an investment bank that enables an accelerated stock repurchase. More particularly, such risk is reduced in the event that the repurchasing company announces higher than expected dividends on the stock during the term of the accelerated repurchase transaction.