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Advisors evaluate asset composition, financial obligations, and potential risk exposures affecting long term wealth preservation.
Strategic structuring of financial assets ensures protection against potential liabilities and financial uncertainties.
Diversification across asset classes reduces exposure to concentrated risks and strengthens long term financial stability.
Appropriate insurance structures provide additional protection against unforeseen financial events or liabilities.
WealthAxis Advisory provides Asset Protection Advisory services designed to safeguard wealth against financial risks, economic uncertainty, and unforeseen liabilities. Protecting accumulated wealth is an essential component of long term financial planning. Our advisory focuses on creating structured protection strategies that preserve capital while maintaining financial flexibility and regulatory compliance.
Our advisory begins with a comprehensive evaluation of your financial position, asset composition, and potential risk exposures. Based on this assessment, we develop protection strategies that may include diversified asset allocation, insurance solutions, and legal structures that safeguard wealth.
WealthAxis Advisory provides Asset Protection Advisory services designed to safeguard wealth against financial risks, economic uncertainty, and unforeseen liabilities. Protecting accumulated wealth is an essential component of long term financial planning.
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WealthAxis Advisory FZ-LLC (“WealthAxis”) has adopted and shall implement this Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy to prevent, detect, and deter the misuse of its services for money laundering, terrorist financing, fraud, or other financial crimes. This policy is consistent with UAE Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering, Cabinet Decision No. 10 of 2019, all relevant resolutions issued by the competent UAE authorities, and recommendations of the Financial Action Task Force (FATF).
WealthAxis is aware of its obligations as an investment advisory firm to protect the integrity of the financial system and to maintain public and regulatory confidence. This policy provides a comprehensive framework of internal controls, procedures, and governance structures to identify, assess, mitigate, and manage AML and KYC risks. This policy is mandatory for the entire organization. Ethics, compliance, and a zero-tolerance policy against any illicit financial activity provide the bedrock for this framework. Improvements are an essential part of its effective implementation.
This AML & KYC Policy is universal and applies to all clients, prospective clients, transactions, advisory services, employees, directors, officers, contractors, and associated persons of WealthAxis. The policy applies to both individual and corporate clients and is applicable to both domestic and international business relationships.
This policy applies to all third-party introducers, intermediaries, and outsourcing service providers acting on behalf of WealthAxis and is subject to the same standards. The policy is continuous and risk-based, requiring a review of applicability whenever there is a change in circumstances. The policy applies to all business units, regardless of function or level, and must be adhered to. There are no exceptions to the policy and it is not applicable in any circumstances.
WealthAxis has a structured AML governance framework in place to ensure accountability, control, and effective implementation of AML and KYC measures. The ultimate responsibility for compliance with relevant AML laws and regulations rests with the company’s senior management. A Compliance Officer is appointed to supervise the implementation of AML and KYC measures on a day-to-day basis.
Responsibilities are well defined, documented, and communicated within the organization. The AML governance framework has escalation mechanisms for risks and suspicious transactions identified. The independence of the compliance function is maintained to ensure objectivity in the oversight function. The reporting structure enables effective communication to the senior management, which receives periodic updates on AML risks and compliance. Sufficient financial, technical, and human resources are dedicated to sustain the framework, and its effectiveness is reviewed periodically to mitigate risks.
Customer Due Diligence (CDD) is an integral part of the AML strategy implemented by WealthAxis and is carried out before any business relationship is established. CDD is a process of verifying the identity of the client, understanding the nature and purpose of the relationship, and evaluating the related risks of money laundering and terrorist financing.
The information gathered has to be accurate, reliable, and obtained from independent and credible sources whenever possible. Higher-risk clients are subject to Enhanced Due Diligence, while Simplified Due Diligence is carried out only if allowed by relevant laws and after documented risk assessments. CDD is proportionate to the risk level identified and is carried out on an ongoing basis to ensure that information is up to date. Unsatisfactory completion of CDD leads to refusal or termination of services.
WealthAxis performs the verification of the identity of all clients using valid, official, and reliable documentation before offering advisory services. For individual clients, they are required to provide identification and proof of residential address. For legal entity clients, they are required to provide incorporation documents, constitutional documents, ownership structures, and authorized signatory details.
Ultimate beneficial owners are identified and verified in accordance with regulatory requirements. The verification is done using independent and trustworthy sources, and the documents must be up-to-date, readable, and genuine. If permitted by law, electronic or digital verification processes can be used. The identity verification process must be done before engagement, and all documents are stored safely.
