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The Financial Crimes Enforcement Network (FinCEN) intends to award a sole source contract to Elliptic, Inc. for the procurement of Elliptic Investigator Software. This blockchain investigation software is recognized for its ability to supplement existing analytic tools used by FinCEN, providing advanced capabilities for the identification of cryptocurrency transactions that might otherwise remain undetected.
Elliptic Investigator Software has been distinguished by industry experts for offering the most comprehensive and timely data, as well as superior analytic support necessary for in-depth investigations and the detection of illicit threats. FinCEN has identified the software's unique data as instrumental in accurately tracking cryptocurrency transactions that other solutions have missed. The acquisition of this software aims to enhance FinCEN's ability to consume and share information effectively with stakeholders involved in financial crime investigations.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.