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.

You may also be interested in...

Young Bang, Chief Growth Officer for Atlas Research

Atlas Joins DMI-Led Air Force Enterprise Transformation Contract Team; Young Bang Quoted

Atlas Research is part of a Digital Mobilizations Inc.-led team that won a position on a five-year, $990M contract vehicle to help the U.S. Air Force implement and manage enterprise transformation initiatives.

HIMARS launcher

State Dept OKs $1.8B in HIMARS Launchers, Recce Pods, Missile Purchase Requests From Taiwan

The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined.