THE first international Codeathon for financial intelligence units (FIUs) is being co-hosted by AUSTRAC, Australia’s financial intelligence unit and Bank Negara Malaysia from November 18 to 19 2017 in Kuala Lumpur, Malaysia.
The codeathon will bring together developers, designers, analysts, subject matter experts and other skilled and motivated individuals. Participants will form teams and have 32 hours to solve financial intelligence challenges. Their innovative solutions may be presented in various forms, including live applications, websites or prototypes which may well serve as precursors in constructing innovative digital solutions to fight terrorism financing.
Acting AUSTRAC CEO, Gavin McCairns, said AUSTRAC is encouraging participation from Australia’s growing fintech, regtech and start-up communities, financial institutions and FIUs in the region.
“This initiative provides a framework to work with industry and government to continuously explore new opportunities, where we can leverage the latest technologies to fight terrorism financing”.
”This unique event is an excellent opportunity for tech-savvy individuals, including hobbyists, students and software developers, to contribute their ideas to address a serious matter and enjoy some friendly competition at the same time”.
Codeathon 2017 is part of the third regional Counter-Terrorism Financing (CTF) Summit, which brings together FIUs, industry participants and leading anti-money laundering and CTF experts around the world.
There will be several prize categories which includes awarding the team that can demonstrate the most collaborative way to tackle terrorism financing – being true to the spirit of our CTF Summit. Winners and outcomes will be announced at the Innovation Forum.
Registration for Codeathon 2017 is open to all members of the public, financial institutions and FIUs. Expressions of interest can be registered via the CTF Summit 2017 Codeathon website..
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