Regulatory Alerts2011-03-02 | 2011-03Added
Assessment of Civil Money Penalty Against Omar Abukar Sufi d/b/a Halal Depot
The Financial Crimes Enforcement Network assesses a $20,000 civil money penalty against Omar Abukar Sufi d/b/a Halal Depot for failing to register as a money services business with FinCEN in violation of the Bank Secrecy Act. The entity operated as an unregistered money transmitter transferring funds internationally between 2008 and 2009 without filing required Registration of Money Services Business forms. Omar Sufi must pay the $20,000 penalty to the United States Department of Treasury within 90 calendar days of the assessment date to settle the matter.
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