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International Financial Intelligence Units (FIU) Codeathon 2017

Ref No : 08/17/16 28 Aug 2017 Embargo : For immediate release    

Bank Negara Malaysia and Australian Transaction Reports and Analysis Centre (AUSTRAC) who are members of the International Community of Experts (ICE) Forum will be hosting its first International Financial Intelligence Units (FIU) Codeathon 2017 (the Codeathon). The coding competition will be held from 18 – 19 November 2017 in Kuala Lumpur.

The Codeathon is held in conjunction with the 3rd Counter-Terrorism Financing (CTF) Summit that will take place on 20 – 23 November 2017 as part of the continuous effort to integrate and maximize the benefits of information technology (IT) in countering terrorism financing. The Codeathon provides a platform for the financial intelligence communities, law enforcement agencies and regulators to engage with tech experts from within and beyond the sector in gaining greater insight on new technologies, techniques and ideas to address terrorism financing challenges.

The event welcomes participation from the Financial Intelligence Units (FIUs), Financial Technology (FinTech) and Regulatory Technology (RegTech) communities, financial institutions as well as private individuals (software developers, programmers, analysts, designers, engineers, students, or hobbyists). The Codeathon is open to all individuals from the participating countries of the CTF Summit. The participants are given 32 hours to solve challenges that will be unveiled on the first day of the Codeathon. The outcomes of the Codeathon, which may be presented in various forms including live applications or prototypes, will serve as precursors in constructing new and innovative digital solutions to curb the emergence of terrorism financing. 

Participants may stand a chance to win several categories of prizes. The winners and outcomes of the Codeathon will be revealed at the Innovation Forum of the CTF Summit. The expression of interest for participation is now open. For more information, please refer to the CTF Summit 2017 website (http://ctf.bnm.gov.my/codeathon/).

Bank Negara Malaysia
28 Aug 2017

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