Regulatory Alerts2026-05-22
Added · Updated
Final Order — Money Services Business
The Florida Office of Financial Regulation issued a final order approving a stipulation and consent agreement with Essential Financial Investments Corp., its parent company, and two executives to resolve compliance violations under Chapter 560, Florida Statutes. The order documents findings that the respondents failed to timely submit annual financial audits, report financial changes, maintain complete customer files, accurately log transactions in the check cashing database, and file security device calculations. To settle the matter, the respondents must immediately cease future violations, fully comply with state money services business regulations, and pay a $23,600 administrative fine upon execution of the agreement.
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