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FIYNIX REMITTANCE – REGULATORY OVERVIEW AND BUSINESS
MODEL DESCRIPTION
Company Name: Fiynix Corp
DBA: Fiynix Remittance
Purpose of the Application
Fiynix Remittance is a digital money transmission platform designed to provide secure, transparent,
and efficient cross‑border remittance services from the United States to approved international
corridors. The primary objective of the application is to enable individuals to send funds to family
members, friends, and trusted recipients abroad in a compliant and cost‑effective manner while
maintaining strong anti‑fraud, anti‑money laundering, and consumer protection controls.
Fiynix Remittance operates as a licensed Money Services Business and is committed to complying
with all applicable federal and state regulations governing money transmission, including the Bank
Secrecy Act (BSA), Anti‑Money Laundering (AML), Know Your Customer (KYC), and Office of
Foreign Assets Control (OFAC) requirements
Core Functionality of the Application
Users must create an account and complete identity verification prior to initiating transactions.
Required information may include name, address, date of birth, contact information, and identity
documentation. Verification procedures are conducted to comply with KYC, AML, and OFAC
screening requirements.
Funding and Payment Methods
Senders fund transfers using approved U.S. debit cards only. Fiynix does not currently accept credit
cards, cash, or third‑party funding sources. Debit card funding is verified prior to processing to
ensure transaction authorization and fraud prevention
Grand Junction Feature (Structured Matching Functionality)
Fiynix Remittance includes a structured feature known as Grand Junction, designed to provide users
with additional flexibility in selecting transfer options while maintaining strict compliance safeguards.
Grand Junction allows verified users to post or accept transfer offers within a controlled range based
on a current reference rate displayed within the application. This feature is not a currency trading or
speculative exchange platform. All matched transactions are executed by Fiynix as licensed money
transmission transactions
Key Operational Controls of Grand Junction:
• Participation is limited to fully verified Fiynix users.
• Verified users must have successfully completed identity verification and at least one
remittance transaction through Fiynix.
• Offers must remain within ±2% of the displayed Fiynix reference rate.
• Minimum offer amount: USD $100.
• Maximum offer amount: USD $3,000.
• All offers must be submitted in USD $100 increments.
• Partial bids are permitted.
• Partial bids must be submitted in USD $100 increments.
• Minimum partial bid amount is the greater of USD $100 or 25% of the original offer
amount.
• A maximum of four matches are permitted per offer.
• The offer creator may choose to keep the remaining balance open or close the offer after a
partial match.
• Final matches may complete any remaining balance.
• Offers automatically close when fully matched.
• Offers remain active until fully matched, closed by the offer creator, or removed by Fiynix.
• Maximum daily Grand Junction transaction volume: USD $3,000.
• Maximum weekly Grand Junction transaction volume: USD $9,000.
• Maximum monthly Grand Junction transaction volume: USD $12,000.
• Fiynix reserves the right to remove inactive, stale, suspicious, fraudulent, or non-compliant
offers.
• Fiynix may request additional information, documentation, or source-of-funds verification
before approving, matching, processing, or completing any Grand Junction transaction.
• All Grand Junction activity is subject to Fiynix’s AML, sanctions screening, fraud detection,
transaction monitoring, and compliance review processes.
Funding and Settlement Structure
All transactions initiated through Fiynix, including Grand Junction transactions, are funded by U.S.
senders using debit cards.
For Grand Junction transactions, once an offer is matched and the sender’s debit card funding is
authorized and captured, Fiynix processes settlement to the receiving party. In certain cases, Grand
Junction recipients may receive settlement via ACH credit within the United States where applicable,
while international recipients receive funds through licensed payout partners.
Fiynix maintains full control and responsibility for the transmission of funds and does not permit
peer‑to‑peer settlement outside of its regulated payment flow.
Compliance and Risk Controls
Grand Junction transactions are subject to the same AML, KYC, OFAC, and transaction
monitoring controls as all other Fiynix remittance transactions. Fiynix retains full authority to
review, delay, decline, or cancel any posting or transaction to prevent fraud, ensure regulatory
compliance, or protect consumers.
Scope of Services
Fiynix Remittance currently provides:
• Person‑to‑person international money transmission
• Debit card‑funded transfers
• Structured matching functionality through Grand Junction
• Bank deposit, ACH (where applicable), cash pickup and mobile wallet payouts
• Digital onboarding and identity verification
• Transaction tracking and receipt generation
• Customer support and complaint handling
• Compliance monitoring and fraud prevention
Fiynix does not currently provide:
• Deposit accounts or stored value wallets
• Lending services
• Currency trading or speculative exchange services
• Investment or brokerage services
Contact Information
Fiynix Corp dba Fiynix Remittance
User Registration and Verification
Disbursement Methods
Recipients may receive funds through approved payout channels, including bank deposits and
mobile wallet transfers, depending on corridor availability and partner capabilities. All disbursements
are processe
Transaction Monitoring and Compliance Controls
Fiynix employs risk‑based transaction monitoring systems designed to detect suspicious or unusual
activity. Transactions may be reviewed, delayed, or declined to ensure compliance with applicable
laws and regulations. All transactions are screened against relevant sanctions and watchlists prior to
completion.
Compliance Commitment
Fiynix Remittance is committed to operating in full compliance with all applicable federal and state
laws and regulations governing money transmission and consumer protection. The company
maintains internal policies and procedures for AML compliance, transaction monitoring,
recordkeeping, and regulatory reporting.
Email: info@fiynix.com