Regulatory Alerts2011-03-02 | 2011-04Added
Assessment of Civil Money Penalty Against Mohamed Abukar Sufi d/b/a Halal Depot
The Financial Crimes Enforcement Network assesses a $20,000 civil money penalty against Mohamed Abukar Sufi d/b/a Halal Depot for failing to register as a money services business under the Bank Secrecy Act. The penalty addresses violations occurring between 2008 and 2009, during which the entity transferred funds on over 400 occasions without filing the required Registration of Money Services Business form. Mohamed Sufi must pay the $20,000 penalty to the United States Department of the Treasury within 90 calendar days of the assessment date to settle the matter.
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