Moody’s Analytics Wins Contract to Fight Financial Crime in European Union

Moody’s Analytics has won a framework contract worth up to €34 million from the European Commission to strengthen its anti-fraud, money laundering and financial crime effort. The four-year contract will be managed by the Commission’s European Anti-Fraud Office (OLAF) and will use the Orbis database operated by Bueau van Dijk, a Moody’s Analytics subsidiary, to access company data, information on connected individuals, and risk indicators.

Organisations working with the Orbis data will include the European Court of Auditors, European Banking Authority, European Public Prosecutor’s Office, Europol and up to 30 Directorate Generals of the EC. They will apply the data to form a comprehensive understanding of the increasing threat of fraud and financial crime in the EU.