Risk & regulatory notice

Verax Systems Ltd (Company No. 16972520) is a company registered in England and Wales. Verax is a technology provider. It is not a bank, an Electronic Money Institution, a payment institution, or a cryptoasset service provider, and it does not itself carry on regulated payment or electronic-money activity.

Regulated payment and electronic-money services are provided by authorised third-party partners under their own permissions. Fiat money movement is provided by Clear Junction Ltd, which is authorised by the FCA as an Electronic Money Institution (FRN 900684); Verax Systems Ltd has applied to be registered as an agent of Clear Junction Ltd under regulation 34 of the Electronic Money Regulations 2011. Any stablecoin settlement leg is executed by licensed Banking-as-a-Service partners, with digital-asset custody held by the partner via Fireblocks.

Verax Systems Ltd does not hold or control client funds and takes no crypto custody. Verax provides compliance, classification, AI and software services only.

Information on this website is provided for general informational purposes only. It does not constitute, and should not be construed as, legal, tax, regulatory, accounting or financial advice, a recommendation, or an offer of any product or service.

Certain figures displayed on this website (for example invoice counts, classification counts, screening counts and indicative timings) are illustrative numbers drawn from an internal test environment using a synthetic dataset. Verax is preparing a private pilot with design partners; these figures are not live operating results and must not be relied upon as forecasts or guarantees.

Verax provides export-control classification, AML and sanctions screening, AI-assisted compliance tooling, reconciliation and an immutable audit trail. It does not execute payments, issue electronic money, hold client money, or custody crypto-assets. Those activities are performed by authorised third-party partners under their own permissions (see section 1).

Classification and screening outputs are decision-support tools operated with a human in the loop. They do not remove a customer's own legal obligations under UK export-control law, sanctions law, or anti-money-laundering law. Customers remain responsible for obtaining any export licences that apply to their goods.

Verax does not facilitate any payment connected to Russia, Belarus, Iran, North Korea or Syria. These exclusions are enforced in our customer agreements, in our AML and sanctions-screening stack, and in our articles of association. Customers must not use, or attempt to use, the service in connection with any sanctioned person, entity or jurisdiction, or in breach of UK, EU, US or UN sanctions.

Nothing on this website is legal, tax, regulatory or financial advice. Customers and partners should take their own professional advice on export-control classification, licensing and sanctions matters relevant to their business.

Verax relies on authorised and specialist third parties. Fiat payment and electronic-money services are provided by Clear Junction Ltd (FCA EMI, FRN 900684), with which Verax is completing agent registration; any stablecoin leg will be executed by licensed Banking-as-a-Service partners, with custody held by the partner via Fireblocks. References to specific screening, data or tooling vendors (for example Sumsub, OpenSanctions, Chainalysis) describe a category of service we use or evaluate. Naming a provider does not constitute a partnership or endorsement unless we state so expressly, and all such services remain subject to contract and to the partner's own regulatory permissions.

• System availability. No software is immune to outage or failure. Our published SLO targets are design goals, not contractual guarantees, and are measured on staging environments only.
• Integration risk. Upstream API changes or counterparty outages may affect the behaviour of the system.
• Security risk. We take reasonable steps — KMS, TLS 1.3, Multi-AZ architecture, penetration testing, least-privilege IAM — but no digital system is immune to compromise.
• Regulatory risk. Changes to UK or cross-border financial-services regulation may affect our ability to launch, operate or grow.

This website and its contents are governed by the laws of England and Wales. Any disputes arising from use of this website are subject to the exclusive jurisdiction of the courts of England and Wales.

Website, product or conduct concerns should be sent to info@verax.systems. Data-protection concerns to dpo@verax.systems. Regulatory concerns may additionally be raised with the FCA (Firm Reference checks at register.fca.org.uk) or, for data protection, with the Information Commissioner's Office (ICO).