Regulatory Alerts2026-05-14
Added · Updated
Final Order — Money Services Business
The Florida Office of Financial Regulation issued a Final Order against Kobtransfer, LLC and Jean Alex St. Surin to resolve an administrative complaint regarding multiple violations of money services business regulations. The Respondents consented to a $2,500 administrative fine, the voluntary surrender of their license, and a 15-year ban on applying for or acting as an affiliated party of any licensed money services business. These terms were adopted to settle findings that included failures to maintain segregated customer funds, implement an effective anti-money laundering program, and comply with various reporting and record-keeping requirements.