It is hoped the deal will enhance Wynyard’s financial crime offering.
Wynyard Group, providers of intelligence-led software and solutions for protecting companies and countries from threat, has secured the customer contracts and exclusive rights and intellectual property of the MHA Gateway service, an online anti-financial crime resource.
The acquisition for an undisclosed sum is in line with Wynyard’s strategy of growing its global customer base, and will further enhance Wynyard’s financial crime offering.
MHA Gateway helps financial institutions and their compliance officers identify, evaluate and avoid business and regulatory risk through providing online tools, pre-formatted templates, policy checklists, best practice guides and country profiles to comply with Financial Crime and Anti-Money Laundering regulations in FATF countries.
Wynyard Group COO Paul Stokes said Wynyard is continuing to invest aggressively in its sales and marketing capabilities to acquire new customers and grow business with existing customers.
He added: "Securing the MHA Gateway service, customer base and IP forms an integral part of Wynyard’s wider Financial Crime and Anti-Money Laundering offering and this acquisition is part of our ongoing commitment to helping businesses involved in financial activities, fight money laundering, counter the funding of terrorism, and comply with changing regulation."
Wynyard has previously enjoyed a successful relationship with MHA as a channel for its online resource through Wynyard Knowledge, a content portal which assists financial institutions and compliance officers by providing best practice guides for managing financial crime, tools for reporting suspicious behaviour, country risk profiles, financial crime news from around the world and comprehensive industry briefings about the latest trends, changes and challenges.
As part of the deal, Wynyard will take sole responsibility for the continued provision of the subscription service and fully support the Gateway.