# FINCEN LICENSE: MSB - MONEY SERVICES BUSINESS

To ensure transparency and legal authenticity, ONFA FINTECH USA has registered for the license **MSB – Money Services Business** with **FinCEN (Financial Crimes Enforcement Network)**, the anti-money laundering agency under the United States Department of the Treasury.

The community can **verify this information themselves** with just a few simple steps:

#### 🛡️ INSTRUCTIONS TO VERIFY ONFA FINTECH USA'S MSB LICENSE

**🧭 STEPS TO VERIFY:**

**✅ Step 1:**

👉 Access the FinCEN homepage at:\
<https://www.fincen.gov>

**✅ Step 2:**

Scroll to the middle of the page, locate and click on the section:\
🔹 **“Money Services Businesses Information”**

> 📍 *Tip:* There is a magnifying glass icon next to this line – it is easy to identify.

**✅ Step 3:**

The system will redirect to the search page:\
👉 <https://www.fincen.gov/msb-state-selector>

**✅ Step 4:**

On the search interface, proceed as follows:

* In the field **“Legal Name”**, enter: ONFA
* Then, press the **“Search”** button to begin the search.

***

**📋 THE SEARCH RESULTS WILL DISPLAY:**

* **Company name:** ONFA FINTECH USA
* **MSB registration number:** 31000276949235
* **Address:** 9191 Bolsa Ave, Westminster, California
* **Permitted activities:**
  * Money Transmitter - Money transfer services
  * Dealer in Foreign Exchange - Foreign exchange / digital asset trading
* **Scope:** All 50 states + U.S. territories
* **License issuance date:** 18/07/2024

#### ✅ ADVANTAGES WHEN ONFA HOLDS THE MSB LICENSE **MSB – U.S. FINCEN**

***

**1. Legally authorized to operate financial services in the United States**

→ The MSB license is issued by **FinCEN – United States Financial Crimes Enforcement Network**, allowing ONFA to:

* Provide **money transfer services (money transmitter)**
* Operate **a digital asset trading platform**
* Provide **foreign exchange trading services (forex/crypto)**\
  \=> This is **a mandatory requirement** if one intends to conduct financial activities in the U.S. market in a **legal and public manner**.

***

**2. Authorized to operate in all 50 U.S. states**

→ Under MSB license number **31000276949235**, ONFA is approved to operate across the entire United States, including territories such as: Guam, Puerto Rico, the Virgin Islands, Northern Mariana Islands, etc.

\=> This enables ONFA to deploy **federal-wide financial services** that **do not require separate approvals from each state** – a significant advantage in terms of cost and time.

***

**3. Affirmation of credibility and global standards**

→ MSB is one of the **licenses recognized by international financial institutions**, enabling ONFA to:

* **Increase trust** with partners, banks, and exchanges
* **Facilitate cooperation** with international payment systems and wallet services
* Attract investors with greater confidence because the financial entity has been **recognized by the U.S. Department of the Treasury**

***

**4. Compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) laws**

→ As an MSB, ONFA is required to:

* Implement **transparent KYC procedures**
* Store and report high-value or suspicious transactions
* Establish an anti-money laundering system conforming to international standards

✅ This helps to:

* **Prevent legal risks** in the future
* Ensure the operational system is **secure, lawful, and auditable**\
  → This also forms the foundation for ONFA to integrate with **banks, VISA, and the traditional financial ecosystem**.

***

**5. Prepare for larger products (for example: stablecoins, crypto cards, international remittance)**

→ If ONFA intends to issue:

* **Stablecoin**
* **Crypto payment card**
* **Cross-border remittance platform**\
  ... then the MSB license is **the “golden ticket” to open the legal gateway for all those services.**


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://wiki.onfa.io/wallet/legal/fincen-license-msb-money-services-business.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.