-- Denver-based Colorado nonprofit registered as a money services business covering money transmission, foreign exchange dealing and check cashing across all U.S. states and territories
DENVER, Colo., Sept. 29, 2026 — Fittyx Foundation, a Denver, Colorado-based nonprofit financial services organization, today announced that it has completed its registration as a Money Services Business (MSB) with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The registration, listed under MSB Registration Number 31000340076873, establishes Fittyx’s federal compliance framework for providing money transmission, foreign-exchange and check-cashing services across all U.S. states and territories.
Fittyx Foundation was incorporated as a Colorado nonprofit corporation on September 4, 2026 (Entity ID 20268119903) and holds a Certificate of Good Standing issued by the Colorado Secretary of State.
Fittyx Foundation — Key Facts
Legal name: Fittyx Foundation
FinCEN MSB registration number: 31000340076873 (initial registration)
Registered MSB activities: money transmitter; dealer in foreign exchange; check casher, including traveler’s checks and money orders
Geographic coverage: all U.S. states, territories and the District of Columbia, as listed in FinCEN’s public registry
Incorporation: Colorado nonprofit corporation, Entity ID 20268119903, formed September 4, 2026
Corporate status: Certificate of Good Standing, Colorado Secretary of State
Headquarters: 5050 S Syracuse St, Suite 900, Denver, CO 80237
Official website: https://fittyx.com
Under the Bank Secrecy Act (BSA), money services businesses are required to maintain risk-based anti-money-laundering (AML) programs, verify customer identities, conduct due diligence, retain prescribed records and file Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) where required. FinCEN administers MSB registration pursuant to 31 CFR 1022.380(a)–(f), and registrations must be renewed every two years.
Fittyx said its compliance program includes written AML policies and procedures, designated compliance personnel, ongoing employee training, independent program reviews, enterprise-wide risk assessments, transaction monitoring and screening against sanctions lists maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The company added that its controls are designed to meet federal obligations while it works through state money-transmitter licensing requirements where applicable.
“Registration with FinCEN is the foundation of a compliant U.S. money services operation, and it signals our commitment to doing this work the right way—with transparency, rigorous controls and accountability at every step,” said Urenas Watkins, Director of Fittyx Foundation. “Fittyx is building infrastructure that makes moving and exchanging money safer, more accessible and more trustworthy for the people and institutions we serve.”
The announcement comes as cross-border money flows continue to expand. The World Bank estimates that officially recorded remittance flows to low- and middle-income countries reached $669 billion in 2023, with volumes supported by migration, digital commerce and the growth of global freelance work. The World Bank also reports that the average cost of sending remittances remains above 6 percent—more than double the United Nations’ target of 3 percent of the amount sent—leaving room for lower-cost, compliance-first providers. Regulators and industry participants have increasingly emphasized that growth in money movement must be matched by stronger AML controls, sanctions screening and consumer protection.
As a Colorado nonprofit corporation, Fittyx Foundation is organized around a public-interest mission rather than shareholder profit. Its bylaws provide for a board of directors, annual member meetings and formal governance procedures, and its articles of incorporation require that, upon dissolution, remaining assets be distributed for exempt or public purposes under applicable law.
What FinCEN MSB registration means — and what it does not
FinCEN registration is a legal requirement for most money services businesses under the Bank Secrecy Act. It is not an endorsement, certification or guarantee by FinCEN or by the U.S. government, and FinCEN states publicly that it does not verify, recommend or approve registered MSBs. Fittyx said it is publishing its registration details so that counterparties, banking partners and customers can independently verify the company’s status.
How to verify Fittyx Foundation
FinCEN MSB Registrant Search (https://www.fincen.gov/resources/msb-state-selector): search the legal name “Fittyx Foundation” or registration number 31000340076873.
Colorado Secretary of State business search (https://www.sos.state.co.us): search “Fittyx Foundation” or Entity ID 20268119903.
“Trust in financial services is earned through verifiability,” Watkins added. “Any institution handling other people’s money should be easy to identify, easy to check and easy to hold accountable. Our registration and incorporation records are public, and we encourage everyone we work with to review them.”
Looking ahead, Fittyx Foundation said it will continue developing its compliance, governance and operational capabilities in line with Bank Secrecy Act requirements and applicable state licensing regimes, and will publish further updates through its official website, https://fittyx.com.
About Fittyx Foundation
Fittyx Foundation is a Denver, Colorado-based nonprofit money services organization registered with FinCEN as a Money Services Business (Registration No. 31000340076873). Incorporated in Colorado on September 4, 2026 (Entity ID 20268119903), the organization is building compliant money transmission, foreign-exchange and check-cashing capabilities anchored in Bank Secrecy Act standards, with a mission to make cross-border money movement safer and more accessible. Learn more at https://fittyx.com.
Contact Info:
Name: Urenas Watkins
Email: Send Email
Organization: Fittyx Foundation
Website: https://fittyx.com
Release ID: 89205530
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