MS Graduate Student Jaemin Cho Wins Hackathon Challenge for Anti-Money Laundering
AuthorComputer ScienceREG_DATE2025.01.17Hits41
Jaemin Cho, a graduate student from the Computer Science MS program, achieved a remarkable feat by winning the prestigious Hackathon Challenge for Layering Detection in Anti-Money Laundering. This challenge, hosted during the Annual Nepal AI School (ANAIS) 2024 in Nepal on December 26th,2024 to January 6th, 2025, called for innovative solutions to detect layering in financial transactions—a critical step in combating money laundering.
The competition focused on creating advanced methodologies to identify and prevent layering, a key stage in the money laundering process. The significance of this challenge extends beyond the technical aspects. It aims to prevent financial crimes by identifying illicit transactions early, ensure compliance with global regulations and laws, and protect economies by mitigating illicit activities that can destabilize financial systems.
As the winner, Jaemin has earned accolades and the opportunity to be hired by F1Soft International, one of Nepal’s leading financial technology companies. This recognition highlights the practical and transformative applications of his skills in financial technology.
The ANAIS 2024 event was a vibrant platform, featuring 191 participants and 22 speakers representing 18 countries, fostering a truly global exchange of ideas. Twenty-two competing teams, each comprising five members, showcased their innovative solutions to challenges, including the F1Soft Money Laundering Challenge and the Startup Challenge. Participants had the opportunity to present their work, sharpen their skills, and contribute to impactful problem-solving on a global scale. The event’s theme, "Big Things Can Happen from Small Places," underscored the potential for groundbreaking ideas to emerge from any part of the world.
ANAIS 2024 was made possible through the support of its sponsors and partners. The title sponsor, F1Soft International Pvt. Ltd., and the silver sponsor, YoungInnovations Pvt. Ltd., provided vital backing for the event. The venue partner, Premier International IB Continuum School, hosted the event, while the AI Hackathon received additional sponsorship from UK International Development, The Asia Foundation, Data for Development in Nepal, eSewa Ltd., and Fonepay. Further support from Google, SecurityPal, and Fusemachines reinforced the collaborative spirit of this initiative.
Jaemin’s accomplishment not only showcases his talent and dedication but also brings pride to our academic community. His success serves as an inspiration to all students, proving that with hard work, innovation, and determination, transformative contributions can be achieved on a global stage.