Regulatory Alerts2026-06-05
Added · Updated
Final Order — Money Services Business
The Florida Office of Financial Regulation issued a Final Order approving a Stipulation and Consent Agreement with AMSCOT Corporation and Ian Mackenchie to resolve compliance violations. The Respondents admitted to failing to timely report bank account changes, submitting inaccurate data to the Check Cashing Database, and failing to maintain proper identification records and endorsements. As part of the settlement, the Respondents agreed to pay an administrative fine of $11,625 and to cease and desist from future violations of Chapter 560, Florida Statutes.
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