Final Order — Money Services Business

Index: OFR 2026 - 473
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
A & E LA NUMERO 1 INC, and
ALFONSO REYES,
Case Number: 135575
Respondents.
FINAL ORDER
This cause came on for consideration and final agency action. Upon review of the record and being otherwise fully advised in the premises, the Office of Financial Regulation ("Office") hereby finds:

1. The Office has jurisdiction over the subject matter of this case and the parties
   hereto.
2. The entry of this Final Order concludes the above-referenced matter.
   ORDERED:
   A. The Stipulation and Consent Agreement (Exhibit A) is hereby approved and incorporated by reference as if fully stated herein and is adopted as the Office's Findings of Fact and Conclusions of Law. B. The parties shall comply with all terms of the Stipulation and Consent Agreement. DONE and ORDERED this z# day of September, 2026, in Tallahassee, Leon County, Florida. Commissioner

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order was furnished to A & E La Numero 1 Inc and Alfonso Reyes by electronic mail c/o their Attorney of Record, Colin M. Roopnarine, Esq., Grossman, Roopnarine & Bayo, LLC at c.roopnarine@grblawfirm.com on this ·may of September, 2026. 2 egulation 50 2314-8050 Email: Agency.Clerk@flofr.gov Tel: (850) 410-9889

STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
A & E LA NUMERO 1 INC, and
ALFONSO REYES,
Respondents.
Exhibit A
Case Number: 135575
STIPULATION AND CONSENT AGREEMENT
The State of Florida, Office of Financial Regulation ("Office"), and A & ELA NUMERO 1 INC, and ALFONSO REYES (together "Respondents") in consideration of the mutual promises herein, recite, stipulate, and agree as follows:
I. Background. A & E La Numero l Inc is licensed as a Money Services Business
(license number FT3090024 l) pursuant to chapter 560, Florida Statutes, and has been operating as a "check casher". Alfonso Reyes is the President and sole owner of A & E La Numero I Inc. The Office conducted an examination (Examination No. 130890) to determine Respondents compliance with chapter 560, Florida Statutes, and the corresponding rules for the period of July I, 2023 through June 30, 2025 ("examination period"). Based on the examination, grounds existed to initiate an administrative proceeding against Respondents pursuant to chapter 560, Florida Statutes, and on July 28, 2026, the Office issued an Administrative Complaint. The parties are resolving the issues herein with this Stipulation and Consent Agreement in lieu of a formal proceeding in this matter.
2. Jurisdiction. The Office is the state agency charged with the administration and
enforcement of chapter 560, Florida Statutes, and the rules promulgated thereunder. The Office has jurisdiction to bring this administrative action against Respondents pursuant to chapter 560, Florida Statutes.
3. Findings. For the purposes of this Stipulation and Consent Agreement, Respondents

neither admit nor deny but consent to the Office's finding that:
a. Respondents failed to report accurately required check cashing transaction information into the Check Cashing Database ("CCDB"), in violation of section 560.310(2)( d), Florida Statutes; b. Respondents failed to timely submit Currency Transaction Reports to the Financial Crimes Enforcement Network, as required by rule, and in violation of section 560.123(3)( c ), Florida Statutes; and
c. Respondents cashed corporate checks where the aggregate face amount of all
corporate checks cashed for four corporate entities exceeded 200 percent of the payee's workers' compensation policy payroll amount during the same dates as the workers' compensation policy coverage period, for each of the four corporations, in violation of Rule 69V-560.7044(1), Florida Administrative Code (2024), and thereby section 560.309(11 ), Florida Statutes.
4. Terms and Conditions. The parties agree that the issues raised can be expeditiously
resolved without further litigation by the execution of this Stipulation and Consent Agreement. The parties acknowledge that they have read this Stipulation and Consent Agreement and fully understand the rights, obligations, terms, duties, and responsibilities with respect to its contents. Therefore, in compromise and settlement of the foregoing findings and in consideration of the Office's forbearance from further litigation, Respondents agree to the following terms and conditions:
a. FUTURE COMPLIANCE. Respondents agree that they shall not violate any provision of chapter 560, Florida Statutes, and the corresponding rules, and they shall comply with
chapter 560, Florida Statutes, and corresponding rules.
b. ADMINISTRATIVE FINE. Respondents agree to pay the Office an administrative fine in the amount of Four Thousand Five Hundred Dollars ($4,500.00) to be 2

paid at the time of the execution and delivery of this Stipulation and Consent Agreement. This administrative fine shall be submitted in the form of a wire, cashier's check, or money order made payable to "Office of Financial Regulation·· and shall be sent to the attention of Agency Clerk - c/o Attorney Maria A. Guitian, Post Office Box 8050, Tallahassee, Florida 32314-8050. Respondents acknowledge and agree that in accordance with section 215.31, Florida Statutes, regarding the deposit of monies, (i) the tendered fine or settlement check may be deposited in advance of full execution or acceptance of the Stipulation and Consent Agreement:
and ( ii) such deposit shall not be construed as a final acceptance of the Stipulation and Consent Agreement absent full execution thereof and entry of a Final Order adopting same.
5. Final Order. Respondents consent to the entry of a Final Order, which incorporates
the terms of this Stipulation and Consent Agreement. Respondents understand and agree that this Stipulation and Consent Agreement is subject to the final approval of the Office of Financial Regulation and the entry of the Final Order adopting such Agreement. In the event that the Final Order is not entered, this Stipulation and Consent Agreement shall be null and void. The Final Order incorporating this Stipulation and Consent Agreement constitutes final action by the Office with respect to the findings identified in Section 3 above for which the Office may seek enforcement pursuant to the provisions of chapters 560 and 120, Florida Statutes.
6. Waiver. By Respondents' consent to the entry of a Final Order with respect to this
proceeding. Respondents waive:
a. Any right to separately stated Findings of Fact and Conclusions of Law:
b. Any right to receipt of a Notice of Rights pursuant to chapter 120. Florida Statutes:
c. Any right to an administrative hearing or issuance of a Recommended Order
pursuant to chapter I 20, Florida Statutes; and d. Any right to contest in any administrative forum or judicial proceeding (including. 3

but not limited to, an appeal pursuant to section 120.68, Florida Statutes) the validity of any term. condition, obligation, or duty expressly created in this Stipulation and Consent Agreement and the Final Order.
7. Releases. Upon full execution of this Stipulation and Consent Agreement.
Respondents waive, release. and forever discharge the Office and its agents. representatives. and employees from any and all causes of action. in law or in equity. which Respondents may have arising out of this matter. The Office accepts this release and waiver by Respondents on behalf of itself, its agents, representatives. and employees without acknowledging. and expressly denying. that any such right or cause of action may exist.
8. Failure to Comply. Respondents acknowledge. concur, and stipulate that
Respondents' failure to comply with any of the tenus, obligations and conditions of this Stipulation and Consent Agreement. and the Final Order adopting it. is a violation of the written agreement and the Final Order entered pursuant to chapters 120 and 560, Florida Statutes. Such non￾compliance may result in the issuance of an emergency cease and desist order. However, nothing herein shall be construed to limit Respondents· right to contest any finding or determination of non-compliance.
9. Attorney Fees. Each party herein shall be solely responsible for its separate costs
and attorney fees incurred in the prosecution. defense. or negotiations in this matter up to and including the entry of the Final Order adopting this Stipulation and Consent Agreement.
10. Severability. The parties agree that if any provision of this Stipulation and Consent
Agreement or the application thereof to any person or circumstance is held invalid. the Stipulation and Consent Agreement will be given effect without the invalid provision. and to this end, the provisions of this Stipulation and Consent Agreement are declared severable. 11 . Counterparts. This Stipulation and Consent Agreement may be executed in any 4

number of counterparts, and by the parties in separate counterparts, each of which will be deemed to be an original but all of which together will constitute but one Stipulation and Consent Agreement. Copies of this Stipulation and Consent Agreement transmitted by facsimile or electronic mail shall have the same validity as if bearing an original signature.
12. Entire Agreement. This Stipulation and Consent Agreement represents the entire
agreement by and between Respondents and the Office. Any alterations, variations, changes, modifications, or waivers of the provisions hereof shall be valid only when they have been reduced to writing, duly signed by the Office and Respondents hereto, attached to the original of this Stipulation and Consent Agreement, and subject to the approval of the Office. WHEREFORE, in consideration of the foregoing, the Office and Respondents execute this Stipulation and Consent Agreement for entry of a Final Order on the last date executed below. [this section left intentional~v blank with Signatures appearing in 1hefollowing pages] 5

A & E LA NUMERO I INC:
Name: Alfonso Reyes
/
State of I c.Xo.S - - ------- County of O-a~U•-~--- - - Date: _ _ ,---=----+/~1~:K.__,./~20..c.....Z'-~ - - - Title: President and Sole Owner of A & E La Numero l Inc Alfonso Reyes. as President and Sole Owner of A & E La Numero I Inc, BEFORE ME by means of [ .J] physical presence or [ ] onlinc notarization, has sworn (or affirmed) that he/she has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me this If.Hi day of Augus)·t 2026. ~•~•11,,,, HASSAAN TARIQ /} / ~ lfffj~\Notery Public, State of Texas ~ //c, j q ~~---~§ Comm. E,cpire9 ° 7 ~ 2030 N~tary Public ' ~,,,~1 ,,,," Notary ID 136583881 Check the appropriate box:
Personally known D
OR Produced Identification D
Type of identification produced D

• uZl
  Driver's License
  Passport
  Other J~ tl.rirvr-t CtttJ
  (Do not include ID number)
  6

Date: o l /{8 J ?-0 7-f, I 7
Name: Alfonso Reyes
/
State of (~11S
County of_ {)g~l~/Q--"l'------- ---
Alfonso Reyes. BEFORE ME by means of[✓] physical presence or [ ] online notarization. has sworn (or affirmed) that he/she has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me this/8fJ, day of August. 2026 . . 1Ji~4 . ._ /4-v Notary Public Check the appropriate box:
Personally known D
OR Produced Identification D
Type of identification produced D Driver's License D Passport @ Other <.JS Pu,(.rf (ArJ (Do not include ID number} OFFICE OF FINANCIAL REGULATION 8dt7no,ui-t, Interim Director G.F0g0r)' C. Oaks. Dii:1:.tgr Division of Consumer Finance Date: 9/14/2026 7