UK compliance firm Cosegic has acquired FINTRAIL, a specialist consultancy, to expand its financial crime and regulatory risk capabilities.
By PAUL O’DONOGHUE, Senior Correspondent
UK compliance firm Cosegic has acquired FINTRAIL, a specialist consultancy, to expand its financial crime and regulatory risk capabilities.
Cosegic said the deal will “strengthen the group’s financial crime and regulatory risk capabilities”. FINTRAIL is a specialist anti-financial crime consultancy. It works with clients across banking, payments, fintech and digital assets.
The companies did not disclose financial terms of the deal.
Ben Cook, group chief executive of Cosegic, said: “FINTRAIL has an exceptional specialist team. Bringing them into Cosegic strengthens an already strong financial crime capability.
“This move gives us an additional edge and reinforces our commitment to investing in specialist expertise as regulatory expectations continue to rise.”
Robert Evans, chief executive and co-founder of FINTRAIL, said the transaction would allow the consultancy to grow. “FINTRAIL began with the aim of providing practical, high-quality financial crime support to firms facing real regulatory challenges,” he said.
“Becoming part of Cosegic allows us to build on that mission at a greater scale.”
Nancy King, senior managing director and head of corporate development at Cosegic, said: “FINTRAIL adds deep financial crime expertise to our platform, enhancing our ability to support clients across the full regulatory lifecycle.”
The acquisition marks Cosegic’s second deal in two months.
Cosegic provides compliance and regulatory advisory services across multiple jurisdictions. London-based MML Capital Partners backs the company.
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