Co-hosted by the Financial Intelligence Consultative Group, the hackathon builds on past efforts of BNM and the Australian Transaction Reports and Analysis Centre, and is now in its third instalment following the International FIU Codeathon in 2017, and the Asean-Australia Codeathon in 2018.

Speaking on the matter, BNM deputy governor Marzunisham Omar said global challenges, which involve financial criminal activities, require global solutions.

“Financial crime is a global issue, and we all have a role in maintaining the integrity of the financial system,” Marzunisham said, adding that this hackathon is searching for creative solutions to curb financial crimes, particularly scams from “talented” individuals across the region.

The hackathon will feature workshops and mentoring sessions run virtually by experts in cybersecurity and anti-money laundering/counter-financing of terrorism. Participants will be expected to work in teams to prototype digital solutions to specific problems that reflect real-world pain points in combating serious financial crimes.

The contestants also stand a chance to win up to US$5,000 (RM22,160) and an opportunity to present their winning prototypes to senior financial intelligence officials across the region.

Those interested in participating in the hackathon may register at amlhackathon.com by May 28.