Visual Analytics wins money laundering support work
- By Roseanne Gerin
- Mar 15, 2005
Visual Analytics Inc. won a follow-on contract from the Treasury Department's Financial Crimes Enforcement Network (FinCEN) to support its analytical and information-sharing systems that help combat money laundering, the company said yesterday.
FinCEN is the government's financial intelligence unit tasked with safeguarding the country's financial system from money laundering and other related crimes.
Visual Analytics has worked with the bureau for five years through a contract valued at roughly $1 million annually. The company is currently financed for the project through 2008.
Visual Analytics provides a visualization and data mining system to assist investigators with financial crime analyses and money laundering investigations. The company also provides an information architecture that integrates large-scale data and sharing activities for cross-database queries.
Under the contract, Visual Analytics will supply technologies and support to improve FinCEN's delivery of financial crime analyses and resources to the law enforcement community.
Based in Poolesville, Md., Visual Analytics is a privately held company that employs about 30 workers and provides advanced analytical and information sharing tools for domestic and international government and commercial clients. The company's roster of customers includes the CIA, the FBI, the IRS, National Security Agency, U.S. Customs and Border Protection and the Defense and Justice departments.