A compliance-first payments-technology company for export-controlled trade.
Verax Systems Ltd (Company No. 16972520) is an English company based in London. We are the AI-native compliance, classification and audit layer for UK importers of dual-use industrial goods — preparing a private pilot with design partners on licensed partner rails.
An AI-native compliance layer for export-controlled cross-border payments.
We classify the goods, screen the parties, capture the evidence, reconcile against the EMI's records, and produce a case file a regulator or auditor can inspect — with an immutable, hash-chained audit trail behind every decision.
Payment execution and custody of client funds are, and will remain, the responsibility of authorised partners — Clear Junction (FCA-authorised EMI) for fiat, and licensed BaaS partners for any stablecoin leg.
Not a bank, not a money transmitter, not a crypto-asset service provider.
- ✕We do not hold client money or execute payments ourselves.
- ✕We do not issue electronic money or operate payment accounts on our own book.
- ✕We do not buy, sell, or custody crypto-assets — custody sits with the licensed partner.
- ✕We do not facilitate payments to Russia, Belarus, Iran, North Korea or Syria.
Four principles we commit to publicly.
Compliance-first, by construction
Export-control classification and screening run inside the payment flow, not as an afterthought. The licence question is answered before funds move.
Never a fund-holder
Verax Systems Ltd does not hold client money and takes no crypto custody. Licensed money movement will be performed by Clear Junction, an FCA-authorised EMI with which Verax is completing agent registration.
Auditable by design
Every classification, screen and decision generates an immutable, cryptographically hash-chained record — so any regulator or auditor can replay exactly what happened on an invoice.
Narrow, deliberate perimeter
We serve UK importers of dual-use and export-controlled industrial goods paying EU and Asian suppliers. We are not a retail product, a consumer app, or a crypto exchange — and we exclude sanctioned jurisdictions outright.
One named founder. Senior hires as we scale.
Aslan Akhmetov
Aslan is an engineer whose career has been spent on high-performance data and compliance systems. He built the Verax compliance orchestration stack end to end — the export-control classification engine, the AI compliance agents, and the cryptographically hash-chained audit trail.
His background spans transaction decisioning and automated compliance tooling for high-volume payments environments, where the priority was always provability: being able to show a regulator or auditor exactly why a decision was made.
He leads Verax today. Senior compliance and engineering hires — including a Head of Compliance and a CTO — are planned as the pilot scales.
Want to talk to us?
If you are a UK importer of dual-use or export-controlled goods, or a partner in export control, compliance or payments, we would be glad to hear from you. We are taking on a small number of design partners.