Statement on the Signing of Money Services Legislation
05/25/2023
Tallahassee, Fla. – Today, the Office of Financial Regulation (OFR) Commissioner Russell C. Weigel, III, offered the following statement on Governor DeSantis signing Florida House Bill 607 – Money Services Businesses.
OFR Commissioner Russell C. Weigel, III, said, “The Office of Financial Regulation is committed to efficient and effective regulation of the financial services industry. I thank Governor Ron DeSantis for his leadership and support to continue to make Florida a great place to live and work. Thank you also to our bill sponsors, Senator Colleen Burton and Representative Kevin Steele, for their support of this legislation.”
HB 607 – Money Services Businesses clarifies the definition of control person to identify the category of money services businesses licensees falling within its purview. The bill has an effective date of July 1, 2023.