Regulatory Alerts2026-05-22
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Final Order — Money Services Business
The Florida Office of Financial Regulation issued a Final Order approving a Stipulation and Consent Agreement with Check Mart of Florida, Inc. and Peter Edward Kalen to resolve administrative complaints regarding violations of Chapter 560, Florida Statutes. The Respondents consented to findings that they failed to accurately report transactions, exceeded fee limits, and neglected record-keeping requirements, while waiving their right to a formal hearing. As part of the settlement, the Respondents agreed to pay a $20,000 administrative fine and commit to future compliance with all applicable money services business regulations.
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