Pouchers is now registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN).
It’s an important milestone for us as we continue to expand the financial services available to Africans who earn, receive, manage, and spend money across borders.
What Does the FinCEN Registration Mean?
FinCEN is a bureau of the U.S. Department of the Treasury responsible for protecting the U.S. financial system from illicit use and combating money laundering and other financial crimes.
As a registered Money Services Business, Pouchers is subject to applicable requirements under the Bank Secrecy Act (BSA). These include requirements around anti-money laundering (AML) controls, recordkeeping, transaction monitoring, and reporting.
For us, this is more than a regulatory milestone. It reflects the importance we place on creating a financial experience where security, compliance, and trust are part of the foundation.
Why This Matters
The way Africans earn and move money is changing.
Today, a freelancer in Lagos can work with a client in London. A creator can earn from a global audience. A remote professional can work for a company abroad. A business can sell to customers in different countries.
But while earning has become increasingly global, accessing financial services that support this reality can still be complicated.
Pouchers exists to make that experience simpler.
Our platform gives users access to financial tools for different parts of their financial lives, from Naira, USD, EUR and GBP accounts to virtual dollar cards, stablecoin wallets, and bill payments.
Our stablecoin-powered infrastructure also gives users another way to receive and move digital dollars across supported payment networks, while our other products help users spend and manage their money.
The FinCEN registration is an important step as we continue to expand these services and serve Africans participating in the global economy.
What Comes Next
We see a future where your location doesn’t have to determine how easily you can earn, receive, or spend money globally.
Getting registered as a Money Services Business in the U.S. is one step toward that future.
We’ll continue expanding our financial infrastructure, strengthening our compliance and security practices, and creating products that make moving money across borders feel less complicated.
Your money moves without limits.
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