Regulatory Alerts2026-06-05
Added · Updated
Final Order — Money Services Business
The Florida Office of Financial Regulation issued a Final Order against Lincoln Exchange & Gifts LLC and Mary Mavros for violating Chapter 560, Florida Statutes, after the respondents failed to timely respond to an administrative complaint. The order adopts findings of fact regarding four counts of non-compliance, including unauthorized account access, failure to report officer changes, late quarterly filings, and inadequate BSA/AML independent audits. Consequently, the Office imposed a total administrative fine of $13,625.00, which the respondents must pay within thirty days of the order's docketing.
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