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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.

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