Final Order — Money Services Business

Index: OFR 2026 - 350
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
HASSAN BROTHERS INC
D/B/A STOP & SHOP 527,
HASSAN FAYEZ HASSAN, and
FADI RAMZI HASSAN,
Respondents.
FINAL ORDER
Case N um her: 133869
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 /c.rf'-i day of July, 2026, in Tallahassee, Leon County, Florida. Commissioner

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been furnished by electronic mail to Respondents at hhassanl977@gmail.com on this 1.!1!'fay of July, 2026. 2 egulation 50 32314-8050 mai: gency. lerk@flofr.gov Tel: (850) 410-9889

ST ATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
HASSAN BROTHERS INC
D/B/A STOP & SHOP 527,
HASSAN FAYEZ HASSAN, and
FADI RAMZI HASSAN,
Respondents.
Exhibit A
Case Number: 133869
STIPULATION AND CONSENT AGREEMENT
The State of Florida, Office of Financial Regulation ("Office"), and HASSAN BROTHERS INC D/B/A STOP & SHOP 527, HASSAN FAYEZ HASSAN AND FADI RAMZI HASSAN ("Respondents"), in consideration of the mutual promises herein, recite, stipulate, and agree as follows:
t. Background. At all times material hereto, Hassan Brothers Inc d/b/a Stop & Shop 527, is and has been a Part III Money Services Business in the State ofFlorida, having been issued license number FT30900134. At all times material, Hassan Faycz Hassan is and has been the President and Fifty Percent Owner of Hassan Brothers Inc d/b/a Stop & Shop 527. At all times material, Fadi Ramzi Hassan is and has been the Vice President, Responsible Person and Fifty Percent Owner of Hassan Brothers Inc d/b/a Stop & Shop 527. The Office conducted an examination (No. 131706) to ascertain Respondents' compliance with chapter 560, Florida Statutes. In lieu of initiating a formal proceeding, the parties are herein resolving the matters at issue.
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. Findines. For purposes of this Stipulation and Consent Agreement, Respondents
consent to the Office making the following findings:
a) Respondents failed to timely and accurately enter transactions into the check cashing database (CCDB), in violation of Rule 69V-560.704(5)(b),(c),(d), and U), Florida Administrative Code, and thereby section 560.310(2)(d), F]orida Statutes; b) Respondents failed to maintain copies of acceptable personal identification presented by customers for payment instruments over $1,000.00, in violation of Rule 69V-560.704(4)(c), Florida Administrative Code, and thereby section 560.310(2)(b ), Florida Statutes; and c) Respondents failed to implement their anti-money laundering (BSA/AML) policies and procedures as it relates to their general check cashing policy and procedures section (page 76) and their procedures for cashing checks over $1,000.00 (pages 4 and 33), in violation of 31 C.F.R. ss. 1010.306, 101.311, 1010.312, 1010.340, 1010.410, 1010.415, 1022.210, 1022.320, 1022.380_, l 022.410, U.S. Treasury Interpretive Release 2004-1, and thereby section 560.114(1)(y), 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 fuJly understand the rights, obligations, tenns, duties, and responsibilities with respect to its 2

contents. Therefore, in compromise and settlement of the foregoing findings and in consideration of the Oftice' s forbearance from further litigation, Respondents agree to the following terms and conditions:
a. FUTURE COMPLIANCE. Respondents agree that they shall cease and desist from future violations of chapter 560, Florida Statutes, and the rules promulgated thereunder, and comply with all the provisions of chapter 560, Florida Statutes, and the rules promulgated pursuant thereto. b. ADMINISTRATIVE FINE. Respondents agree to pay the Office an administrative fine in the amount of Sixteen Thousand One Hundred Twenty-Five Dollars ($16,12S.00), to be 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 reference Case Number 133869. It shall be sent to the attention of Agency Clerk - c/o Damaris Reynolds, 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 ofa Final Order, which incorporates
the tenns of this Stipulation and Consent Agreement. Respondents understand and agree that this Stipulation and Consent Agreement is subject to the final approval of the OtTtce of Financial 3

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 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 1ight 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 120, Florida Statutes; and d) Any right to contest in any administrative forum or judicial proceeding (including, 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. 4

8. Failure to Comply. Respondents acknowledge, concur, and stipulate that
   Respondents' failure to comply with any of the terms, obligations, and conditions of this Stipulation and Consent Agreement, and the Final Order adopting it, is a violation of the written agreement and the Finali 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's Fees. Each party herein shall be solely responsible for its separate costs
   and attorney's 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. Severabiility. 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
    number of counterparts, and by the parties in separate counterparts, each of which will be deemed to be an original but :1ll 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 5

to "Titing, duly signed by the Office and Respondents hereto, attached to the original of this Stipulation and Consent Agreement, and subject to the approval of ihe 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 space intentionally left blank with signatures appearing on the following page] 6

Name: Hassan Fayez Hassan Title: President and Fifty Percent Owner r' I n State of +· lo f'I ~ County of fl¥::D (I:/ Ill~ Hassan Fayez Hassan, as President and Fifty Percent Owner of Hassan Brothers Inc d/b/a Stop & Shop 527, BEFORE ME by means of@'physical presence or D online notarization, has sworn ( or affirmed) that he has read and understands the foregoing agreement and voluntariJy signed the same. Check the appropriate box:
Personally known D
OR Produced Identification ·$' _ Type of identification produced o/2.nver's License 0 Passport ◄ ~ Notary Pcibllc State of Flotlda ◄ Todd Shumway I 1 II My CommlHlon HH S3H92 i Expires 10131:zo2a D Other ______ _ (Do not include ID number) 7

(Signature)
Name: Hassan Fayez Hassan
State of
County of r-:1~/L ,i,V\ f!...co ifaA rv(
Hassan Fayez Hassan, BEFORE ME by means of ~ ical presence or O online notarization, has sworn ( or affinned) that he has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me thisJ.!.L. day of / /l ~ y , 2026. Check the appropriate box:
Personally known D '
OR Produced Identification'9
Type of identification produced i:-
Notary Publi~ r,(.Driver's License 0 Passport
◄ ~ Notary Public State of Florlda
◄ Todd Shumway • ◄ II My Comml11lon HH 530982
◄ Expires 1013/2028
0 Other~----- - (Do not include ID number)
8

HASSA.i~ BROTHERS INC D/B/A STOP & SHOP 527:
;F J-r U~ Date:~ 1w I d- ~ (Signature)
Name: Fadi Ramzi Hassan
State of f lo R. l 'c-A
County of ~ /2:0 w v.. ~
Title: Vice President, Responsible Person and
Fifty Percent Owner
Fadi Ramzi Hassan, as Vice President, Responsible Person and Fifty Percent Owner of Hassan Brothers Inc d/b/a Stop & Shop 527, BEFORE ME by means of'fiphysical presence or □ online notarization, has sworn (or affirmed) that he has read and unders'Gnd; the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me this_ri_ day of+M-'-"-1t ..... 'J----~• 2026. Nomryif Check the appropriate box:
Personally known D p
OR Produced Identification '1:8:
Type of identification produced ~ Driver's License 0 Passport D Other _ ____ (Do not include ID number) 9 Notary Publle Stale of Florida Todd Shumway Mt CommlHlon HH S3eel2 expires 101312029

FADI RAMZI HASSAN:
P'
(Signature)
Name: Fadi Ramzi Hassan
State of f=.{ 0 f?...,,\ b 4~'\
County of l1,r::c> v-1 c3.r J
Date: _. 5/2_1 !_z _l _
Fadi Ramzi Hassan, BEF'ORE ME by means of ~ysical presence or O online notarization, has sworn (or affirmed) that he has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me thisl1 day of A tq\ } ✓ , 2026. Check the appropriate box :
Personally known D
OR Produced Identification~
~ Notary Public State of Florida
Todd Shumw1y
My Commission HH $36092
I Expire& 1 0fJ/2028
Type of identification produced fil Driver's License Qt>assport D Other ______ _ (Do not include ID number) OFFICE OF .FINANCIAL REGULATION Gregory C. Oaks, Director Division of Consumer Finance 10 7/10/2026 Date: -----------