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Several financial analysts will by September begin a US-funded training programme in the use of intelligence data management software, which will improve Guyana’s efforts in detecting money laundering and terrorist financing.

The US$150,000 (approximately $30 million) funding will cover the cost of training as well as support services from IBM Corporation.

The initiative was made possible by the US government after the Ministry of Finance, as agreed, purchased the iBase software which is used by Financial Intelligence Units (FIUs) worldwide.

Finance Minister Winston Jordan told the media yesterday that the government’s acquisition of this globally recognized software will allow the FIU to more easily map and import data and information from both structured and unstructured sources into the centralized repository.

He said it will also help to hasten the pace at which data is analyzed, connections are found and actionable results are generated. At the same time, he said, the facilitate comprehens for intelligence and complex queries on d security rich data acces that will improve d integrity and access.

According to Jordan tion of the critical role play in the fight against dering and the value of to support its work, th ment had offered to cov the initial training and vices required f Corporation. This time he said, was not only of Guyana’s inability costs but it also und value of meaningful pa the collective fight to of contaminated activit actions. “Already Guy ing the effects of de-ri eral US based banks. W fore comforted by ges