Regulatory Alerts2026-06-18
Added · Updated
Final Order — Money Services Business
The Florida Office of Financial Regulation issued a Final Order against The Beer Shop II Inc. and Panagiotis Kommatas for multiple violations of Chapter 560, Florida Statutes, including failures in transaction reporting, customer identification, and anti-money laundering compliance. The Order approves a Stipulation and Consent Agreement requiring the immediate surrender of the respondents' money services business license. Additionally, the respondents are barred from acting as affiliated parties or applying for new licenses under Chapter 560 for a period of twenty years from the date of the Order.