Regulatory Alerts2026-06-04
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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 O&J Inc d/b/a Primo Supermarket and its owner, Omran S. Owada. The Respondents admitted to multiple violations of Chapter 560, Florida Statutes, including failures to maintain customer identification, payment instrument records, and an adequate anti-money laundering program. As part of the settlement, the Respondents agreed to pay a $20,000 administrative fine and cease all future violations of the applicable financial regulations.
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