Who we do business with, and on what evidence. This is how COAXIS identifies, verifies, and monitors every relationship — aligned with UAE anti-money-laundering and counter-terrorist-financing regulation.
Long-term capital only compounds on a clean foundation. Knowing exactly who stands behind every relationship isn't paperwork — it is the first underwriting we do.
COAXIS applies a risk-based framework built on the standards of the Financial Action Task Force and UAE Federal law. Every counterparty is identified and verified before onboarding, screened against sanctions and politically-exposed-person lists, risk-rated, and then monitored for as long as the relationship lasts. The diagrams below walk through each stage.
Select any stage to see what it involves. The sequence runs automatically.
We collect the full identity of every counterparty and, for entities, the individuals who ultimately own or control them — legal name, date of birth or incorporation, nationality or domicile, official identification, and address. No relationship proceeds anonymously.
Identity is confirmed against independent, reliable sources — official documents, registries, and trusted electronic verification. We establish that the person or entity is who they claim to be before any commitment is made.
Every party is screened against sanctions lists, politically-exposed-person databases, and adverse-media sources. Matches are reviewed by a person, not dismissed by a system — and anything unresolved stops the relationship.
Each relationship is rated for money-laundering and financing risk across geography, ownership structure, sector, and the nature of the activity. That rating sets how much diligence follows — and how closely we watch afterwards.
Standard cases receive customer due diligence; higher-risk cases receive enhanced due diligence — establishing source of funds and source of wealth, mapping beneficial ownership in full, and requiring senior sign-off before onboarding.
Onboarding is the start, not the end. Relationships are monitored for unusual activity, refreshed on a schedule set by their risk rating, and escalated for reporting where required. Records are kept for the periods the law prescribes.
Not every relationship carries the same risk, so not every relationship receives the same scrutiny. Each is placed on a tier that determines the depth of diligence and the frequency of review.
Well-understood, transparent counterparties in low-risk jurisdictions. Standard identification and verification, with periodic review.
The default. Full identification, verification, screening, and beneficial-ownership checks, with monitoring across the life of the relationship.
Politically-exposed persons, complex structures, or higher-risk geographies. Source of funds and wealth established, senior approval required, and closer ongoing monitoring.
Once a relationship is live, diligence becomes continuous — a loop that runs for as long as the relationship does.
No counterparty is onboarded without independently verified identity and, for entities, full beneficial ownership.
For higher-risk relationships, we establish where money comes from and how wealth was built before proceeding.
Continuous screening against sanctions, PEP, and adverse-media data, with human review of every alert.
We do not accept anonymous arrangements or unexplained cash. Every flow must be traceable to a verified party.
Relationships are watched for unusual activity and refreshed on a risk-based schedule — diligence never expires.
Complete records are retained for the periods the law prescribes, and suspicious activity is reported to the competent authorities.
This page describes the framework COAXIS applies as a matter of policy; it is a summary, not legal advice, and does not create any obligation or entitlement. Specific requirements are governed by applicable UAE law and international standards, and by the terms of each engagement. COAXIS may request additional information at any stage and may decline or discontinue any relationship at its discretion.