Home / Contract Awards / DOJ Selects Palantir Software to Analyze Money Laundering Cases

DOJ Selects Palantir Software to Analyze Money Laundering Cases

big data2The U.S. Justice Department has awarded Palantir a five-year, $9.9 million contract to provide software to federal investigators for collaboration and examining large-scale financial crimes, Nextgov reported Wednesday.

Aliya Sternstein writes that Palantir will supply and implement a data analysis tool to support money laundering investigations by DOJ and the departments of Homeland Security and Treasury.

DOJ selected Palantir’s software to analyze volumes of banking data and the scope of criminal activity in financial fraud cases, Sternstein reports.

The company will also provide investigators with software licensing, training and analysis support services, according to Nextgov.

Check Also

Level 3 Vet Edward Morche to Serve as CenturyLink President of Strategic Enterprise, Federal and State Gov

Edward Morche, a 16-year Level 3 Communications (NYSE: LVLT) veteran, will serve as president of strategic enterprise, …

General Dynamics Subsidiary Awarded $203M for Design Support on Navy Columbia-Class Submarines

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a $203.1 million contract modification to increase …

Subscribe to our Newsletter
I will subscribe later