Arlington, Virginia-based Advanced Concepts and Technologies International, LLC* announced December 2 that the company had secured a $50 million, five-year contract to provide enterprise resource planning functional support to the Army's Financial Management Command. The company, known as ACT I, will assist with the command's General Fund Enterprise Business System. ACT I will support interfacing and reporting systems, including sales and distribution; materials management; accounts payable; cost management; financials; funds management; plant maintenance; project systems; and the Financial Management Business Intelligence reporting system.
There’s a new federal player on the field in the identity security game—the U.S. Treasury’s anti-money laundering and financial intelligence office, the Financial Crimes Enforcement Network known as FinCEN.
“Many of you may not know what we do,” FinCEN Director Kenneth Blanco told AFCEA International’s Federal ID Forum and Expo Tuesday, explaining that FinCEN was the regulatory agency that administers the Bank Secrecy Act—the primary federal law against terror financing and money laundering—and at the same time the principal financial intelligence agency for the U.S. government, providing access to its database of 30 million financial records to law enforcement agencies, regulators and foreign allies.
The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) reported that it had awarded a $200,000 contract to Israel-based Morphisec to develop technology solutions to prevent cyberattacks on financial institutions.