Compliance infrastructure around licensed rails.
Verax Systems Ltd is a technology company. The compliance, AI and audit layers below are ours; licensed money movement is performed by Clear Junction, an FCA-authorised EMI with which Verax is completing agent registration under regulation 34 of the Electronic Money Regulations 2011. Verax holds no client funds and takes no crypto custody.
Export-control classification & screening
Our flagship layer. HMRC SPIRE / OGEL and ECJU dual-use classification, KYB, sanctions, PEP and adverse-media screening run in parallel on every invoice — before funds move. Each decision generates an evidence-backed case file an HMRC, ECJU or audit reviewer can replay.
What this includes
- SPIRE / OGEL and ECJU dual-use classification in the payment flow
- Dual-use goods screening against the UK Strategic Export Control List
- Automated KYB using Companies House, Sumsub and GLEIF sources
- Sanctions screening against UK HMT, OFAC, EU and UN lists
- Hard exclusions: Russia, Belarus, Iran, North Korea, Syria
Payment orchestration on licensed EMI rails
A routing and reconciliation layer between the customer and Clear Junction, an FCA-authorised Electronic Money Institution (FRN 900684). Verax is completing registration as Clear Junction's agent under regulation 34 of the Electronic Money Regulations 2011. Once live, fund movement and safeguarding sit with Clear Junction; Verax never holds client money.
What this includes
- GBP / EUR / USD supplier payments · UK ↔ EU and Asia corridors
- Reconciliation engine matching settlement messages to the internal ledger
- Exception handling and break-detection with investigator queue
- Structured case file ready for compliance review or regulator request
- Target onboarding ~2 weeks; target single-invoice clearance in hours
Stablecoin settlement leg via licensed BaaS partners
Where a supplier prefers a stablecoin leg, settlement is executed by licensed Banking-as-a-Service partners, with digital-asset custody held by the BaaS partner via Fireblocks. Verax never holds the crypto-asset or its fiat equivalent — we provide compliance, screening and reconciliation only.
What this includes
- Settlement executed by licensed BaaS partners, not by Verax
- Custody held by the BaaS partner via Fireblocks — never by Verax
- Wallet and counterparty screening against sanctions and high-risk typologies
- End-to-end case file linking deposit, conversion and fiat leg
- Optional module · same hard sanctions exclusions apply
Audit & evidence surface
A read-only console that lets authorised reviewers — your compliance team, an external auditor, or an HMRC / ECJU reviewer — inspect any compliance decision, its evidence chain and the cryptographic hash that proves it has not been altered.
What this includes
- Immutable, cryptographically hash-chained record of every decision
- Deterministic replay of any decision from its stored inputs
- Decision review workflow with sign-off captured in the ledger
- Long-term retention, tamper-evident by design
- Exportable evidence pack suitable for HMRC, ECJU or auditors
What is live today, and what isn't.
See it on your own invoices.
We walk you through classification, screening and the audit trail on the goods and corridors you actually import. If you are a UK importer of dual-use or export-controlled goods, we would like to talk.