United States · Money service business
Usforex Inc
Legal name in the LEI recordUSFOREX INC.
USForex Inc. is a US corporation that trades as OFX. Its head office is in San Francisco. It is registered with the Financial Crimes Enforcement Network (FinCEN) as a money services business. It holds state money transmitter licences under NMLS ID 1021624. It is a subsidiary of OzForex Limited, part of OFX Group Limited, which is listed on the Australian Securities Exchange (ASX). It offers US businesses multi-currency accounts, cross-border payments, currency hedging and Visa corporate cards issued by Cross River Bank. It also serves personal customers.
Licences and registrations
Held by Usforex Inc. (LEI 549300NG4IAYEMQ99364). 1 entry on 1 of the 22 tracked registers, retrieved 24 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MSB Registrant SearchFinCENLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | —Money Transmitter / Remittance | Not published by the register | United States | Active | 2025-06-18 | — |
|
Search the register ↗ |
Trading names on the register: OFX (FINCEN-MSB)
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- USFOUS66XXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under USFOUS66 directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2017-11-11
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
OzForex Limited
Firm type
FX and business payments
Trades as OFX
- Standing
- OFX Group Limited is the firm's ultimate parent. In July 2026 it agreed terms for a proposed all-cash acquisition by Alakazam Holdings Bidco Limited, the owner of Equals Group. By late September 2026 no binding scheme implementation deed had been announced. Exclusivity was extended to 30 October 2026.
- Ownership
- OzForex Limited reports the firm as a consolidated subsidiary. The ultimate parent is OFX Group Limited, which is listed on the ASX.
- Direct parent
- OzForex Limited, Australia
- Ultimate owner
- OFX Group Limited, Australia
- Head office
- 49 Stevenson St, 13th floor, 94105 San Francisco, United States (registered office: 1521 Concord Pike Suite 201, Wilmington, DE 19803, United States)
Online
- Websites & references
- ofx.com ↗
- Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · WeChat ↗
- Apps
- App Store ↗ · Google Play ↗ · App Store ↗ · Google Play ↗
Sources · 13 pages consulted
- ofx.com/en-us/legal/state-licensing/
- ofx.com/en-us/legal/
- ofx.com/en-us/legal/card-agreement/
- ofx.com/en-us/legal/general-terms-and-conditions/
- ofx.com/en-us/about-us/
- ofx.com/en-us/about-us/global-executive-team/
- ofx.com/wp-content/uploads/2026/05/OFX_FY26_ASX-Announcement_260519.pdf
- ofx.com/en-us/press-room/press-releases/ofx-appoints-global-b2b-payment-specialist-as-regional-pr
- announcements.asx.com.au/asxpdf/20260923/pdf/074fbjrrxh0kb2.pdf
- finextra.com/pressarticle/110537/equals-to-acquire-ofx
- kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaf
- kalkine.com.au/news/announcements/ofx-group-limited-announces-2026-annual-general-meeting-details
- fca.org.uk/news/warnings/uk-forex-clone-fca-authorised-firms
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Cross River Bank, United States Issuer of the OFX Card
FinCEN registers the firm as a money services business. US state regulators license it as a money transmitter under NMLS ID 1021624. Its Visa business cards are issued by Cross River Bank.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Crimes Enforcement Network (FinCEN) United States | Money Services Business registration (money transmitter, currency exchange, prepaid access) | — | In its own name | Active | ofx.com ↗ |
| US state regulators (NMLS) United States | Money transmitter licences in 49 states and the District of Columbia | 1021624 | In its own name | Active | ofx.com ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Not disclosedThe firm's business terms state that the OFX Global Business Account is not a bank account and does not take deposits. The pages reviewed do not describe how client funds are safeguarded.
- Card issuer
- Cross River Bank United States
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
Business clients get an OFX Global Business Account for receiving, holding, converting and paying funds. Spot transfers, forward contracts and limit orders are also available. Corporate cards, spend management and accounts payable tools are included. Personal customers can use the firm for international money transfers.
The firm serves US customers under its FinCEN registration and state money transmitter licences. Its site says payments can be made in more than 30 currencies to more than 180 countries.
- Revenue
- AUD 203.9m
- Payment volume
- AUD 38.4bnTurnover (group)
- Sells to
- Small businesses · Enterprises · Consumers
- Serves customers in
- United States
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
John ('Skander') Malcolm
Chief Executive Officer and Managing Director, OFX Group Limited
- Chair
- Patricia Cross Chair, OFX Group Limited
- Chief financial officer
-
James Georgeson
Chief Financial Officer, OFX Group Limited
- Executive
-
Kate Malone
Chief Risk Officer, OFX Group Limited
- Executive
-
Josh Goines
Chief Growth Officer, OFX Group Limited (formerly President, North America)
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
OFX Group extended Equals' exclusivity period to 30 October 2026 so Equals could finalise debt financing for the proposed acquisition.
kalkinemedia.com ↗ -
Merger / acquisition
OFX Group signed a Transaction Process Deed with Alakazam Holdings Bidco (Equals) for a proposed AUD 1.00 per share cash acquisition.
finextra.com ↗ -
Incident
OFX Group reported higher bad and doubtful debts from a small number of incidents in its North American Corporate segment in FY26.
ofx.com ↗ -
Leadership
James Georgeson became Chief Financial Officer of OFX Group, effective April 2026.
ofx.com ↗ -
Other
OFX Group announced a strategic review of options, including a sale of all or parts of the group.
ofx.com ↗ -
Leadership
Josh Goines moved from President, North America to Chief Growth Officer of OFX Group.
ofx.com ↗ -
Other
The firm introduced new business terms for US clients on its enhanced OFX Business platform, effective 30 September 2025.
ofx.com ↗ -
Leadership
OFX Group appointed Josh Goines as Regional President, North America, based in San Francisco, from 1 February 2024.
ofx.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- USFOUS66XXX
- How the BIC breaks down
- USFOBank
- USCountry · United States
- 66Location
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300NG4IAYEMQ99364
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- f2dfdbd3f413
Profile
- Type
- Money service businessRemittance, currency exchange, cheque cashing and money orders. Usually registered with an anti-money-laundering supervisor rather than licensed prudentially. Taken from the licences on the tracked registers.
- Regulation
- AML registration onlyRegistered with an anti-money-laundering supervisor (FinCEN, FINTRAC, HMRC, AUSTRAC, Hong Kong Customs…) without a prudential licence.
- Register licences
- 1 entry on 1 register
- Activities
- Money remittance
- Currency exchange
- Prepaid access
- Licensed in
- United States
- Country · region
- United States · North America
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Ozforex Limited · Australia549300VKP0NBT4LWRR84 ↗
- Ultimate parent
- Ofx Group Limited · Australia984500745OB5K1ZB6008 ↗
The Ofx Group Limited group has 6 institutions in the directory, in 6 countries: 4 hold a BIC and 2 do not.
Including Ofx Payments Ireland Limited, Ofx Singapore PTE. Limited, Canadianforex Limited, Ozforex (Hk) Limited, Ozforex Limited.
See the Ofx Group Limited group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 49 STEVENSON STREET FLOOR 13 SAN FRANCISCO,CA 94105 UNITED STATES OF AMERICA
- Operational address
- 49 STEVENSON STREET FLOOR 13 SAN FRANCISCO,CA SAN FRANCISCO,CA 94105 UNITED STATES OF AMERICA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>USFOUS66XXX</BICFI>
<LEI>549300NG4IAYEMQ99364</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>USFOUS66XXX</BICFI>
<LEI>549300NG4IAYEMQ99364</LEI>
<Nm>USFOREX INC</Nm>
<PstlAdr>
<TwnNm>SAN FRANCISCO</TwnNm>
<Ctry>US</Ctry>
<AdrLine>49 STEVENSON STREET FLOOR 13 SAN FRANCISCO, CA 94105</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- MSB Registrant Search—Financial Crimes Enforcement Network (FinCEN) · register ↗ as at 24 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: ofx.com (official website) · original; John ('Skander') Malcolm: ofx.com (official website) · original; James Georgeson: ofx.com (official website) · original; Kate Malone: ofx.com (official website) · original; Josh Goines: ofx.com (official website) · original.
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