Not every instrument is backed by its official text yet. At least one law or rulebook covered here has no official source (tier 1) retrieved for it yet. No finding on this page is shown with confidence above “Probable” until stronger sources are retrieved.

Financial Integrity Monitor

United States — Florida US-FL

Domains (D1–D6)
2
Sources
14
Role actions
8
Horizon <90d
1
Jurisdiction profile
CompliantTier ARisk: IncreasingMixed

Florida operates under the federal BSA/AML architecture (FinCEN, OFAC) with no independent state AML supervisory regime beyond Florida Office of Financial Regulation (OFR) licensing of money services businesses/money transmitters under Ch.

More560. Federal beneficial-ownership reporting for Florida-formed entities was eliminated in March 2025.

Key deficiencies
  • Corporate Transparency Act domestic BOI rollback (March 2025) removes federal beneficial-ownership visibility into Florida-formed LLCs long used in real-estate and shell-layering schemes
  • No independent Florida state beneficial-ownership registry; Sunbiz (Division of Corporations) records basic filings only, not beneficial owners
  • Historic reliance on temporary, renewable Geographic Targeting Orders rather than permanent point-of-sale transparency for Miami-Dade/Broward/Palm Beach all-cash real estate purchases
  • Limited public evidence of dedicated state-level AML examination capacity for Florida's large virtual-asset/fintech sector beyond MSB licensing
Recent developments (18m)
  • OFAC settlement with Florida-headquartered TradeStation Securities, Inc. for $1,110,661 over 481 apparent sanctions violations (Iran/Syria/Crimea) (2026-03)
  • FinCEN renewal of residential real-estate GTOs covering Miami-Dade, Broward and Palm Beach counties, effective through Feb 2026 pending the new nationwide Residential Real Estate Rule (2025-10)
  • CTA interim final rule (2025-03-26) exempting all US-formed domestic reporting companies, including Florida LLCs, from beneficial-ownership reporting to FinCEN
  • Maduro-regime associate deported to the US and charged with money laundering, first appearance in Miami federal court (2026-05)
  • $263M cryptocurrency theft/laundering conspiracy (Malone Lam) involving Miami-rented properties, shell-company vehicle registrations and FBI Miami field office support (indictment unsealed 2025-05)

United States federal law that applies in United States – Florida is covered once, on the United States page. This page covers United States – Florida’s own layer: its own law, regulators and enforcement.

Brief

Lead signal

Lead Signal

Read full brief

Lead Signal

Florida has enacted a first-mover, state-level regulatory architecture bringing payment stablecoins and virtual-currency kiosks explicitly inside its anti-money-laundering perimeter. SB 314 and companion HB 175 amend Chapter 560 of the Florida Statutes, the Control of Money Laundering in Money Services Business Act, to designate payment stablecoins as monetary value under that statute and create a state-qualified payment-stablecoin-issuer licensing track intended to be substantially similar to the pathway the federal GENIUS Act makes available to state regulators. In parallel, HB 505 creates a new Part V of Chapter 560 requiring Office of Financial Regulation registration for virtual-currency-kiosk operators not already licensed as money transmitters, with daily transaction limits and fraud-refund duties attached. Taken together, these instruments extend Florida's AML/MSB perimeter to two digital-asset business models that have historically sat outside comprehensive state-level oversight.

Other Developments

Effective-date structure. Most of the substantive provisions of the stablecoin licensing framework are reported to take effect October 1, 2026, giving affected issuers and kiosk operators a defined but compressed runway to reach compliance. Confidence caveat. The bill-mechanics facts here rest on Tier-1 legislative text; the fact and date of gubernatorial signature rest this cycle on Tier-3 corroboration only, which caps confidence at probable rather than confirmed pending a Tier-1 chapter-law citation.

Cross-Monitor Connections

This development is directly relevant to the world-payments monitor's licensing and stablecoin tracking for the same jurisdiction, since the licensing perimeter created here is the regulatory backdrop against which any payments-focused reading of Florida's crypto-kiosk and stablecoin activity should be set.

Outlook

The near-term marker to watch is the October 1, 2026 effective date for the substantive stablecoin-licensing provisions, and whether a Tier-1 gubernatorial chapter-law citation surfaces to move the signature and effective-date facts from probable to confirmed. Longer term, whether other states adopt a similar 'substantially similar' state-qualified track under the federal GENIUS Act framework will determine whether Florida's move becomes a template or remains an outlier.

weekly_brief_draft · JID US-FL
Domain intelligence (D1–D6)

D1 Sanctions

Not covered

Sanctions is not yet covered for this jurisdiction in this report.

D2 Beneficial Ownership

Not covered

Beneficial Ownership is not yet covered for this jurisdiction in this report.

D3 Enabler Jurisdictions

Not covered

Enabler Jurisdictions is not yet covered for this jurisdiction in this report.

D4 Conflict Finance

Not covered

Conflict Finance is not yet covered for this jurisdiction in this report.

D5 Crypto / Digital Assets / Financial Innovation

Crypto / Digital Assets / Financial Innovation

Continue reading

Florida enacted a state-level regulatory architecture this cycle that positions it as a first mover among US states in bringing payment stablecoins and virtual-currency kiosks inside a comprehensive licensing and AML perimeter. SB 314, with companion HB 175, amends Chapter 560 of the Florida Statutes to designate payment stablecoins as monetary value under the state's money-laundering-in-money-services-business statute and creates a state-qualified payment-stablecoin-issuer licensing track. That track is designed to align with the federal GENIUS Act's 'substantially similar' pathway, under which a state regulatory regime can be certified by the US Treasury as equivalent to the federal stablecoin-issuer framework, allowing issuers below the federal threshold to operate under state rather than federal supervision. Separately, HB 505 creates a new Part V of Chapter 560 (proposed sections 560.501 through 560.507) requiring Office of Financial Regulation registration for virtual-currency-kiosk operators that do not already hold a money-transmitter license, imposing daily transaction limits, mandatory fraud warnings, and first-transaction fraud-refund duties. Both instruments extend a previously narrower licensing perimeter to business models, stablecoin issuance and crypto ATM operation, that have often operated with lighter state-level oversight elsewhere. The reported effective date for most substantive stablecoin-licensing provisions is October 1, 2026. Confidence on the bill mechanics themselves is grounded in Tier-1 legislative text; the fact and date of gubernatorial signature this cycle rest on Tier-3 corroboration only, which keeps the overall claim at probable rather than confirmed until a Tier-1 chapter-law citation is retrieved.

Outlook

Watch for the October 1, 2026 effective date and for a Tier-1 chapter-law citation to confirm the signature date. Whether the federal Treasury certifies Florida's stablecoin track as 'substantially similar' under the GENIUS Act will determine how much practical weight the new state licensing regime carries for issuers seeking to rely on it instead of direct federal supervision.

D6 Compliance Technology & Active Defence

Not covered

Compliance Technology & Active Defence is not yet covered for this jurisdiction in this report.

D7 AML/CTF Regime

AML/CTF Regime

Continue reading

Florida's Chapter 560, the Control of Money Laundering in Money Services Business Act, now explicitly designates payment stablecoins and virtual-currency-kiosk operators as falling within its AML/MSB perimeter, a structural extension the interpreter characterizes as record-level for a US state. SB 314 and companion HB 175 add payment stablecoins to the statute's definition of monetary value, meaning issuers of qualifying stablecoins become subject to the same money-laundering-control obligations that apply to other money-services businesses in the state, including customer due diligence expectations attached to the new state-qualified payment-stablecoin-issuer licensing track. HB 505 complements this by bringing virtual-currency-kiosk operators, previously outside comprehensive state oversight unless already licensed as money transmitters, under a new Office of Financial Regulation registration regime with daily transaction limits and fraud-related reporting duties. Together these instruments close a gap in Florida's AML/MSB perimeter that had previously left both stablecoin issuance and crypto-kiosk operation less comprehensively covered than traditional money transmission. This is framed as a designed-in variance from federal baseline treatment: Florida is positioning itself as a state regulator prepared to seek 'substantially similar' certification under the federal GENIUS Act framework, rather than as a jurisdiction that had been lax and is now catching up.

Outlook

The practical AML burden this creates for affected firms, formal customer due diligence and reporting obligations under Chapter 560 that previously did not clearly apply to stablecoin issuers or kiosk operators, will become live once the substantive provisions take effect, reported as October 1, 2026. Confirmation of the gubernatorial signature date via a Tier-1 source remains outstanding.

D8 Commercial Activity

Not covered

Commercial Activity is not yet covered for this jurisdiction in this report.

Regulatory horizon
Adopted2026-Q4 · ±quarter

Florida payment-stablecoin licensing regime substantive effective date

Payment stablecoins become explicitly 'monetary value' under Florida's AML/MSB statute; issuers below the federal threshold gain a state-qualified path contingent on Treasury 'substantially similar' certification.
Source
1 dated · 3 pending date · baseline financial-integrity-2026-07-05
Role action cards
MLRO

Florida extended its Chapter 560 AML/MSB perimeter to cover payment stablecoin issuers and virtual-currency-kiosk operators.

Stablecoin issuers and kiosk operators newly designated within the state's money-laundering-control statute face customer due diligence and reporting obligations that previously did not clearly apply; SAR-relevant activity from these business models should now be assessed against the same MSB framework as traditional money transmitters.

2 evidence refs
Compliance

A new state-qualified stablecoin-issuer licensing track and crypto-kiosk registration regime take effect in Florida.

Compliance functions serving Florida-facing stablecoin issuers or kiosk operators need to map the new Chapter 560 Part V registration requirements and the state-qualified issuer track against existing federal GENIUS Act compliance postures ahead of the reported October 1, 2026 effective date.

2 evidence refs
Legal

Florida's stablecoin and kiosk statutes rest on Tier-1 bill text but the signature date is not yet Tier-1 confirmed.

Legal counsel should treat the mechanics of SB 314/HB 175 and HB 505 as reliable but flag that the specific enactment date remains sourced to Tier-3 corroboration only, relevant to any client-advice timeline tied to the October 1, 2026 effective date.

2 evidence refs
Board

Florida has positioned itself as a first-mover state regulator under the federal GENIUS Act's state-qualification pathway for stablecoins.

This is a structural regulatory development, not an incident, and signals the state's intent to compete for stablecoin-issuer licensing business ahead of most other US states, a strategic consideration for any institution weighing where to domicile stablecoin issuance.

1 evidence refs
CTO

Crypto-kiosk operators and stablecoin issuers face new Florida registration and technical-compliance obligations.

Technology teams supporting kiosk operations need to account for the new daily transaction-limit enforcement and fraud-refund mechanics required under HB 505's Part V registration regime, alongside any system changes needed to support the new stablecoin-issuer licensing track's reporting requirements.

2 evidence refs
Risk

Florida's extension of AML coverage to stablecoins and kiosks is a structural tightening, not an isolated incident.

This raises the exposure-concentration profile for any institution with Florida-facing digital-asset business lines that previously operated outside comprehensive state AML oversight, and is a signal other states may follow.

2 evidence refs
Operations

New daily transaction limits and registration duties apply to Florida virtual-currency kiosks.

Operations teams managing kiosk transaction monitoring or onboarding workflows in Florida need to build in the new daily limits and fraud-refund duties created by HB 505's Part V registration regime.

1 evidence refs
Audit

Florida's Chapter 560 amendments create new documented-control expectations for stablecoin issuers and kiosk operators.

Internal audit scope for Florida-facing digital-asset business lines should be updated to test for compliance with the new registration, transaction-limit, and reporting requirements once the substantive provisions take effect.

2 evidence refs
Decision lens
MLRO

Florida extended its Chapter 560 AML/MSB perimeter to cover payment stablecoin issuers and virtual-currency-kiosk operators.

Compliance

A new state-qualified stablecoin-issuer licensing track and crypto-kiosk registration regime take effect in Florida.

Legal

Florida's stablecoin and kiosk statutes rest on Tier-1 bill text but the signature date is not yet Tier-1 confirmed.

Board

Florida has positioned itself as a first-mover state regulator under the federal GENIUS Act's state-qualification pathway for stablecoins.

CTO

Crypto-kiosk operators and stablecoin issuers face new Florida registration and technical-compliance obligations.

Risk

Florida's extension of AML coverage to stablecoins and kiosks is a structural tightening, not an isolated incident.

Operations

New daily transaction limits and registration duties apply to Florida virtual-currency kiosks.

Audit

Florida's Chapter 560 amendments create new documented-control expectations for stablecoin issuers and kiosk operators.

Shared evidence: 2 refs
Scenario sketches

AMLA transition and cross-border obliged-entity supervision

Illustrative orientation only: as the EU AML Package moves from purely national AML supervision toward AMLA direct and indirect supervision of cross-border obliged entities under the AMLA Regulation (Reg (EU) 2024/1620), alongside the directly-applicable AMLR (Reg 2024/1624) and per-state 6AMLD transposition, the resulting hybrid EU-level supervisory architecture could reshape how cross-border evasion techniques are detected and how national authorities coordinate with the new EU-level authority. This is architecture-over-incident framing describing a possible structural mechanism, not an observed development in any specific jurisdiction this cycle.

Illustrative scenario for analytical orientation only. Not compliance advice, not a prediction, and not a statement of observed fact.

Standing trackers (T1–T6)
TrackerStatusNote
T1 · Russian Sanctions-Evasion ArchitecturestableNo US-FL-specific Russian sanctions-evasion development surfaced this cycle.
T2 · EU AML Package / AMLAno_changeNot applicable to US-FL (AMLR/6AMLD/AMLA bind EEA members only).
T3 · FATF Grey Liststable22 jurisdictions listed as of 19 June 2026 Plenary (Iraq and Bosnia and Herzegovina added, Algeria and Namibia removed); Laos remains listed, Cambodia remains delisted. Next Plenary expected October 2026.
T4 · Beneficial-Ownership Register Statusno_changeNo US federal CTA enforcement-status update specific to this cycle was located.
T5 · Crypto & Digital-Asset Integritymaterial_changeFlorida commenced a state payment-stablecoin issuer licensing regime (Ch. 2026-176) on Oct 1 2026 and separately created a virtual-currency-kiosk MSB registration category (Ch. 2026-178, effective Jan 1 2027).
T6 · Sanctions Regime Divergenceno_changeNo new US-FL-relevant EU/US/UK autonomous-listing divergence surfaced this cycle.
Registers

Enforcement actions

  • OFAC settled with TradeStation Securities for $1,110,661 over 481 apparent violations of Iran, Syria and Crimea sanctions programs after compliance-control failures from June 2021 to June 2022 allowed sanctioned-jurisdiction customers to execute securities transactions on its online platforms. 17 Mar 2026
  • FinCEN renewed residential real-estate Geographic Targeting Orders requiring title insurers to identify and report beneficial owners behind shell-company all-cash purchases in covered Florida counties, pending transition to the nationwide Residential Real Estate Rule. 10 Oct 2025
  • A Maduro-regime associate was deported to the United States and made his first appearance in Miami federal court to face money-laundering charges tied to the broader narco-corruption prosecution of the Venezuelan regime. 18 May 2026
  • A superseding indictment invoking organized-crime statutes charged a crypto-theft ring that laundered proceeds through mixers and shell companies and spent stolen funds on Miami-rented properties and luxury goods; FBI's Miami field office assisted the investigation. 15 May 2025

Sanctions changes

  • OFAC designated four companies (Hong Kong/Zhejiang-based) and four oil tankers linked to Venezuela's oil-export sanctions-evasion network to the SDN list, part of the stepped-up pressure campaign against the Maduro regime's oil revenues. 31 Dec 2025
  • OFAC formally delisted the non-custodial mixer Tornado Cash from the SDN List following a Fifth Circuit ruling that its autonomous smart contracts could not be treated as sanctionable property — the first delisting of a sanctioned crypto entity. 1 Mar 2025
  • OFAC updated its 2019 Central Bank of Iran designation by adding two Tron cryptocurrency addresses to the SDN List after Tether and US law enforcement froze $344 million in USDT tied to CBI-affiliated wallets. 24 Apr 2026

Regulatory horizon (register)

  • GENIUS Act stablecoin AML/sanctions compliance rule finalization
  • First assessment of nationwide RRE Rule replacing Florida real-estate GTOs
  • Finalization of CTA interim final rule exempting domestic reporting companies

Active schemes

  • [HIGH] Shell-company all-cash luxury real estate laundering
  • [HIGH] Miami electronics-export trade-based laundering for cartels
  • [CRITICAL] Venezuela state-capture narco-proceeds repatriation via Miami
  • [HIGH] Cyber-enabled crypto theft laundered through Miami luxury spending
Sources
  1. FinCEN (U.S. Department of the Treasury)
  2. Office of Foreign Assets Control (U.S. Department of the Treasury)
  3. Florida Office of Financial Regulation
  4. FinCEN (U.S. Department of the Treasury)
  5. Bloomberg
  6. TRM Labs
  7. Chainalysis
  8. Global Witness
  9. FinCEN (U.S. Department of the Treasury)
  10. Office of Foreign Assets Control (U.S. Department of the Treasury)
  11. TRM Labs
  12. FinCEN / OFAC (U.S. Department of the Treasury)
  13. FinCEN (U.S. Department of the Treasury)
  14. FinCEN (U.S. Department of the Treasury)
Coverage gaps
The March 2025 CTA interim final rule exempts all US-formed …
The March 2025 CTA interim final rule exempts all US-formed domestic entities, including Florida LLCs, from federal beneficial-ownership reporting, removing a nascent national transparency mechanism that was of particular relevance to Florida's LLC-heavy real-estate and shell-company economy.
Florida has no independent state beneficial-ownership regist…
Florida has no independent state beneficial-ownership registry; the Division of Corporations (Sunbiz) records only basic entity filings, not beneficial owners, leaving no state-level backstop to the narrowed federal CTA regime.
For nearly a decade, Florida real-estate laundering enforcem…
For nearly a decade, Florida real-estate laundering enforcement relied on temporary, renewable GTOs rather than a permanent statutory closure; the transition to the RRE Rule (effective March 2026) has not yet been operationally tested against Florida's specific all-cash luxury market.
Florida-based corporate service providers and registered age…
Florida-based corporate service providers and registered agents have historically facilitated anonymous LLC formation with minimal due diligence; documented case examples (e.g., Paladium Real Estate Group LLC, formed in Florida to conceal beneficial ownership in a laundering transfer) illustrate a persistent professional-enablement gap.
Publicly available state-level enforcement or examination da…
Publicly available state-level enforcement or examination data specific to Florida OFR's supervision of virtual-currency/money-transmitter licensees is limited; this baseline could not identify a Florida-specific state crypto enforcement action in the 18-month window, which may reflect either low enforcement volume or a transparency/reporting gap rather than an absence of risk given Miami's concentration of virtual-asset firms.

Evidence

Confidence-tiered claims

Chapter 2026-176, effective Oct 1 2026, amends the Florida Control of Money Laundering in Money Services Business Act to bring payment stablecoins within AML recordkeeping/reporting scope, with two licensing pathways (MSB licence or OFR trust-company certificate) and a $10bn consolidated-issuance threshold triggering mandatory transition to federal (OCC) oversight within 360 days. SRC-fim-US-FL-001
Probable · 1 source
Chapter 2026-178 amends Fla. Stat. s.560.103/560.125 to bring virtual-currency-kiosk operators, including intermediary/peer-to-peer models, within the MSB definition, closing a gap where only 9 of 26 known kiosk providers held an MTL; registration with OFR required, general effective date Jan 1 2027, existing operators must register within 30 days thereafter. SRC-fim-US-FL-004
Probable · 1 source
Florida's AML regime for money-transmission-adjacent activity runs on Fla. Stat. ch. 560, administered by OFR, layered under federal BSA/FinCEN registration (31 CFR 1022 for MSBs; 31 CFR 1021 for FGCC-licensed casinos/card clubs, SAR filing within 30 calendar days, $5,000 threshold). Most recent enforcement precedent: March 2026 $155,000 consent fine against Patriot Software for unlicensed money transmission 2011-2025. SRC-fim-US-FL-005
Probable · 1 source
Remains off the FATF grey list as of the 19 June 2026 Plenary (22 jurisdictions currently listed); casino-linked money-laundering/scam-compound risk (Huione network) continues to be flagged independently of formal list status. SRC-fim-GLOBAL-001
Probable · 1 source
Remains on the FATF grey list following the 19 June 2026 Plenary; narcotics-linked Golden Triangle risk unresolved despite some FIU and bearer-share reforms. Next Plenary expected October 2026. SRC-fim-GLOBAL-001
Probable · 1 source