I'm fairly certain this is just another clientside AC. Probably not much different than any other clientside AC. Pretty sure that it can be bypassed even if it's packed with something. It just depends on how much time a user wants to spend in bypassing it.
It's more like a data grabber and uploader than real AC. It grabs data and uploads it to the website, so other users can say if you have a WH or something else on your grabbed screenshots, and they can analyze other files.
Report file is saved on hard disk, which doesn't stop anyone from editing it before it's sent to the website.
Anyway, the only thing that cheater needs to play and look 'clean' is to have a working screenshot bypass.
Hi Zano one we have been testing on AAAA is MOHAAC http://mohaac.elitehitmen.org/ It does not stop cheats but scans the MOHAA and reports both in game and via client