{
 "jurisdiction_id": "US-FL",
 "jurisdiction": "United States – Florida",
 "url": "https://payments.gi/jurisdictions/united-states-florida/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-11",
 "schema_version": "world-payments-v1",
 "counts": {
  "modules": 14,
  "sourced_findings": 65,
  "source_register": 140
 },
 "modules": [
  {
   "code": "W1a",
   "name": "Licensing, Authorisation & Market Access",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w1a-licensing-authorisation-market-access",
   "standing_position": "Florida runs a non-bank money-transmission licensing regime under Chapter 560 (the Money Transmitters' Code), administered by the Office of Financial Regulation (OFR) Division of Consumer Finance, separate from a Chapter 663 international-banking regime for foreign bank offices. 2026 legislation adds a state-qualified payment-stablecoin issuer licensing pathway (effective Oct 1 2026) and a registration-only regime for virtual-currency kiosks (effective Jan 1 2027).",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Chapter 560, Florida Statutes (Money Transmitters' Code); Rule 69V-560, F.A.C.",
     "source": "https://flofr.gov/divisions-offices/division-of-consumer-finance/money-transmitters",
     "source_url": "https://flofr.gov/divisions-offices/division-of-consumer-finance/money-transmitters",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "s.560.209/related bonding-net worth provisions",
     "source": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/175/Analyses/h0175z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "OFR declaratory statement (In re Intercam Futures, 2023)",
     "source": "https://www.hudsoncook.com/article/florida-regulator-clarifies-money-transmitter-licensing-exemptions-or-lack-thereof/",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Chapter 663, Florida Statutes (International Banking)",
     "source": "https://flofr.gov/divisions-offices/division-of-financial-institutions/international-bank-and-trust-company-offices",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "CS/CS/HB 175 & CS/SB 314 (payment stablecoin issuer framework)",
     "source": "https://practiceguides.chambers.com/practice-guides/blockchain-crypto-assets-2026/usa-florida/trends-and-developments",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "HB 505 (Virtual Currency Kiosk Act)",
     "source": "https://www.aarp.org/states/florida/florida-house-bill-505-virtual-currency-kiosks/",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W1b",
   "name": "Conduct, Safeguarding & Financial Promotions",
   "confidence": "Confirmed",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w1b-conduct-safeguarding-financial-promotions",
   "standing_position": "Florida enacted the first comprehensive US state-level licensing framework for payment stablecoin issuers (HB 175 / companion SB 314, now Ch. 2026-176), integrated into the existing Chapter 560 money-services-business regime and aligned with the federal GENIUS Act; core provisions take effect October 1, 2026.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "s.560.1105, F.S. (Records retention)",
     "source": "https://www.flsenate.gov/Laws/Statutes/2021/Chapter560/All",
     "source_url": "https://www.flsenate.gov/Laws/Statutes/2021/Chapter560/All",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Florida Control of Money Laundering in Money Transmitters Act",
     "source": "https://law.justia.com/codes/florida/2005/TitleXXXIII/ch0560.html",
     "source_url": "https://www.myfloridalegal.com/consumer-protection",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Florida Deceptive and Unfair Trade Practices Act (FDUTPA), Ch.501 Part II",
     "source": "https://www.myfloridalegal.com/consumer-protection",
     "source_url": "https://www.myfloridalegal.com/consumer-protection",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Florida Telemarketing Act",
     "source": "https://pinellas.gov/recognize-and-avoid-telemarketing-fraud/",
     "source_url": "https://www.myfloridalegal.com/consumer-protection",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Florida Telephone Solicitation Act (FTSA), s.501.059",
     "source": "https://www.mofo.com/resources/insights/241111-uptick-in-florida-telephone-solicitation-act-litigation",
     "source_url": "https://www.myfloridalegal.com/consumer-protection",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W2",
   "name": "Stablecoins & Digital Money",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w2-stablecoins-digital-money",
   "standing_position": "Florida became the first US state to enact a comprehensive payment-stablecoin issuer framework (HB175/SB314), aligned to the federal GENIUS Act and effective October 1, 2026, paired with a Stablecoin Pilot Program letting the Department of Financial Services accept designated stablecoins for state fee payments.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "CS/CS/HB 175 / CS/SB 314",
     "source": "https://floridapolitics.com/archives/804440-stablecoin-virtual-currency-kiosk-bills-signed-into-law/",
     "source_url": "https://www.bitget.com/amp/news/detail/12560605251439",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "SB 314 reserve/redemption requirements",
     "source": "https://www.bitget.com/amp/news/detail/12560605251439",
     "source_url": "https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "SB 314 supervisory allocation",
     "source": "https://coinmarketcap.com/academy/article/florida-becomes-first-us-state-to-pass-a-stablecoin-regulatory-bill",
     "source_url": "https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Florida Stablecoin Pilot Program (s.17.72, F.S.)",
     "source": "https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/",
     "source_url": "https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "SB 314 ancillary provisions",
     "source": "https://coinmarketcap.com/academy/article/florida-becomes-first-us-state-to-pass-a-stablecoin-regulatory-bill",
     "source_url": "https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/",
     "source_tier": "2",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W3",
   "name": "Operational Resilience & Critical Infrastructure",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w3-operational-resilience-critical-infrastructure",
   "standing_position": "Florida has no DORA-style prudential operational-resilience regime specific to payments; the operative baseline protection is the Florida Information Protection Act (FIPA), a strict 30-day breach-notification law enforced by the Attorney General, supplemented by periodic OFR cybersecurity industry alerts to licensees.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Florida Information Protection Act (FIPA), s.501.171 F.S.",
     "source": "https://www.flsenate.gov/laws/statutes/2014/501.171",
     "source_url": "https://www.flsenate.gov/laws/statutes/2014/501.171",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "FIPA enforcement",
     "source": "https://floridasecurityauthority.com/florida-data-breach-notification-law",
     "source_url": "https://www.flsenate.gov/laws/statutes/2014/501.171",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "FIPA trigger standard",
     "source": "https://floridasecurityauthority.com/florida-data-breach-notification-law",
     "source_url": "https://www.flsenate.gov/laws/statutes/2014/501.171",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "OFR Industry Alert (cybersecurity)",
     "source": "https://flofr.gov/news/industry-alerts/2",
     "source_url": "https://www.flsenate.gov/laws/statutes/2014/501.171",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W4",
   "name": "Scheme & Network Compliance",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w4-scheme-network-compliance",
   "standing_position": "Florida merchants are subject to the nationwide Visa/Mastercard interchange-fee antitrust settlement framework and to PCI DSS as the scheme-mandated technical standard; a Florida-based payments company (Chargebacks911) has been the subject of a joint FTC/Florida Attorney General enforcement action over scheme-facing chargeback-manipulation conduct.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Payment Card Interchange Fee Settlement",
     "source": "https://en.wikipedia.org/wiki/Payment_card_interchange_fee_and_merchant_discount_antitrust_litigation",
     "source_url": "https://en.wikipedia.org/wiki/Payment_card_interchange_fee_and_merchant_discount_antitrust_litigation",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Interchange litigation - ongoing dispute",
     "source": "https://www.paymentsdive.com/news/walmart-wants-out-of-card-class/807972/",
     "source_url": "https://www.paymentsdive.com/news/walmart-wants-out-of-card-class/807972/",
     "source_tier": "3",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "FTC/Florida AG enforcement (scheme chargeback compliance)",
     "source": "https://www.ftc.gov/business-guidance/blog/2023/04/411-about-ftc-florida-ag-action-against-chargebacks911",
     "source_url": "https://www.paymentsdive.com/news/walmart-wants-out-of-card-class/807972/",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W5",
   "name": "Payment Corridor Dynamics",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w5-payment-corridor-dynamics",
   "standing_position": "Florida, and Miami specifically, functions as the principal US gateway for remittance corridors to Latin America and the Caribbean, hosting major money-transfer operators and a growing cluster of digital-first remittance fintechs serving these corridors.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "US-LAC remittance corridor",
     "source": "https://thedialogue.org/blogs/2025/04/the-state-of-the-remittance-industry-and-an-outlook-for-2025",
     "source_url": "https://thedialogue.org/blogs/2025/04/the-state-of-the-remittance-industry-and-an-outlook-for-2025",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Corridor operator presence",
     "source": "https://www.intermexonline.com/",
     "source_url": "https://www.intermexonline.com/",
     "source_tier": "3",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Digital remittance corridor innovation",
     "source": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_url": "https://www.intermexonline.com/",
     "source_tier": "3",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Corridor market characterisation",
     "source": "https://www.macroglobal.co.uk/blog/financial-technology/money-transmitter-license-mtl-us-states/",
     "source_url": "https://www.intermexonline.com/",
     "source_tier": "3",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Correspondent-corridor infrastructure",
     "source": "https://www.bankdirectoriesonline.com/cms-bankshow/Florida+International+Bankers+Association.html",
     "source_url": "https://www.intermexonline.com/",
     "source_tier": "3",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W6",
   "name": "Industry Structure & Commercial Dynamics",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w6-industry-structure-commercial-dynamics",
   "standing_position": "Florida's payments/fintech industry is structured around a Miami-centred hub of private, often venture-backed remittance and crypto-payments firms operating alongside a base of 663 OFR-licensed money-services businesses, with large listed money-transfer operators and card networks also present.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "OFR MSB population data",
     "source": "https://www.flsenate.gov/Session/Bill/2026/198/Analyses/2026s00198.rc.PDF",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/198/Analyses/2026s00198.rc.PDF",
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Market concentration",
     "source": "https://thedialogue.org/blogs/2025/04/the-state-of-the-remittance-industry-and-an-outlook-for-2025",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/198/Analyses/2026s00198.rc.PDF",
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Industry structure - VC ecosystem",
     "source": "https://apidots.com/blog/florida-fintech-growth/",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/198/Analyses/2026s00198.rc.PDF",
     "source_tier": "4",
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": "Private-company market structure",
     "source": "https://builtin.com/companies/location/miami/type/fintech-companies",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/198/Analyses/2026s00198.rc.PDF",
     "source_tier": "4",
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W7",
   "name": "Legal & Litigation",
   "confidence": "Confirmed",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w7-legal-litigation",
   "standing_position": "Florida's existing Control of Money Laundering in Money Services Business Act (Chapter 560) has been amended to bring payment stablecoin issuance explicitly within AML recordkeeping/reporting scope, with unlicensed issuance criminalized.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "OFR final order (consent agreement)",
     "source": "https://infobytes.orrick.com/2026-03-20/florida-fines-software-company-155k-for-alleged-unlicensed-money-transmission/",
     "source_url": "https://infobytes.orrick.com/2026-03-20/florida-fines-software-company-155k-for-alleged-unlicensed-money-transmission/",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "OFR declaratory statement (2023)",
     "source": "https://www.hudsoncook.com/article/florida-regulator-clarifies-money-transmitter-licensing-exemptions-or-lack-thereof/",
     "source_url": "https://www.govinfo.gov/content/pkg/USCOURTS-flsd-1_22-cv-20201/pdf/USCOURTS-flsd-1_22-cv-20201-3.pdf",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "S.D. Fla. Edge Act correspondent-banking litigation",
     "source": "https://www.govinfo.gov/content/pkg/USCOURTS-flsd-1_22-cv-20201/pdf/USCOURTS-flsd-1_22-cv-20201-3.pdf",
     "source_url": "https://www.govinfo.gov/content/pkg/USCOURTS-flsd-1_22-cv-20201/pdf/USCOURTS-flsd-1_22-cv-20201-3.pdf",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "FTC/Florida AG joint enforcement action",
     "source": "https://www.ftc.gov/business-guidance/blog/2023/04/411-about-ftc-florida-ag-action-against-chargebacks911",
     "source_url": "https://www.govinfo.gov/content/pkg/USCOURTS-flsd-1_22-cv-20201/pdf/USCOURTS-flsd-1_22-cv-20201-3.pdf",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Miami-Dade Circuit Court settlement",
     "source": "https://www.sec.gov/Archives/edgar/data/0001424657/000121390025048144/ea024311901ex10-9_cuentas.htm",
     "source_url": "https://www.govinfo.gov/content/pkg/USCOURTS-flsd-1_22-cv-20201/pdf/USCOURTS-flsd-1_22-cv-20201-3.pdf",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W8",
   "name": "Merchant Acquiring & Risk",
   "confidence": "Assessed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w8-merchant-acquiring-risk",
   "standing_position": "Florida has no bespoke statutory chargeback-dispute regime; merchant-acquiring risk controls flow from card-network rules plus general consumer/telemarketing statutes, with a high-profile Florida-based chargeback-management firm the subject of federal/state enforcement over chargeback-manipulation tactics affecting high-risk-merchant risk management.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Chargeback-manipulation enforcement",
     "source": "https://www.ftc.gov/business-guidance/blog/2023/04/411-about-ftc-florida-ag-action-against-chargebacks911",
     "source_url": "https://www.ftc.gov/business-guidance/blog/2023/04/411-about-ftc-florida-ag-action-against-chargebacks911",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Florida Telemarketing Act bonding requirement",
     "source": "https://pinellas.gov/recognize-and-avoid-telemarketing-fraud/",
     "source_url": "https://www.ftc.gov/business-guidance/blog/2023/04/411-about-ftc-florida-ag-action-against-chargebacks911",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "High-risk merchant categorisation (national ISO/acquirer case)",
     "source": "https://www.ftc.gov/system/files/documents/cases/first_data_filed_complaint.pdf",
     "source_url": "https://www.ftc.gov/business-guidance/blog/2023/04/411-about-ftc-florida-ag-action-against-chargebacks911",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W9",
   "name": "Product Innovation & Market Development",
   "confidence": "High",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w9-product-innovation-market-development",
   "standing_position": "Florida combines sustained state-level fintech-innovation institutions (Blockchain Task Force, OFR Office of Fintech Policy) with 2026 product-enabling legislation for stablecoin issuance and government use, and an active private-sector product pipeline in cross-border/remittance fintech centred on Miami.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Florida Blockchain Task Force / OFR Office of Fintech Policy",
     "source": "https://practiceguides.chambers.com/practice-guides/blockchain-crypto-assets-2026/usa-florida/trends-and-developments",
     "source_url": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Stablecoin Pilot Program",
     "source": "https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/",
     "source_url": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Product innovation - conversational remittance",
     "source": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_url": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_tier": "3",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Virtual currency kiosk product category",
     "source": "https://www.aarp.org/states/florida/florida-house-bill-505-virtual-currency-kiosks/",
     "source_url": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W10",
   "name": "Consumer Protection & APP Fraud",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w10-consumer-protection-app-fraud",
   "standing_position": "Florida consumer protection for payments rests on the general FDUTPA/FTSA private-enforcement framework plus newly enacted virtual-currency-kiosk-specific fraud protections (transaction limits, mandatory warnings, conditional refunds); Florida has not enacted a dedicated authorized-push-payment reimbursement mandate comparable to the UK's PSR regime.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "HB 505 consumer-fraud protections",
     "source": "https://floridapolitics.com/archives/784938-legislature-passes-virtual-currency-kiosks-measure/",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "OFR/FBI/FTC victim-loss data",
     "source": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "FDUTPA enforcement",
     "source": "https://www.myfloridalegal.com/consumer-protection",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "FTSA private right of action",
     "source": "https://www.mofo.com/resources/insights/241111-uptick-in-florida-telephone-solicitation-act-litigation",
     "source_url": "https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z.IBS.PDF",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W11",
   "name": "AML/CFT & Financial Crime",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w11-aml-cft-financial-crime",
   "standing_position": "sentinel.wpm-us-fl: Florida's AML/CFT posture for payments rests on the Chapter 560 Control of Money Laundering in Money Services Businesses Act (BSA-aligned recordkeeping and SAR obligations), newly extended to stablecoin issuers, plus a blockchain-analytics mandate for virtual-currency kiosks and a persistent Miami correspondent-banking de-risking/sanctions-exposure dynamic tracked via the FIBA compliance community.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Stablecoin AML extension",
     "source": "sentinel.https://coinmarketcap.com/academy/article/florida-becomes-first-us-state-to-pass-a-stablecoin-regulatory-bill",
     "source_url": "https://coinmarketcap.com/academy/article/florida-becomes-first-us-state-to-pass-a-stablecoin-regulatory-bill",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": "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. 560. Federal beneficial-ownership reporting for Florida-formed entities was eliminated in March 2025.",
     "instrument_type": "assessment",
     "source": "FIM (sentinel.gi) per-JID baseline profile — United States — Florida",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: sourcing-thinness",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-005)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Enforcement: U.S. Department of Justice / U.S. Attorney's Office, Southern District of Florida — Close associate of ousted Venezuelan President Nicolás Maduro",
     "instrument_type": "enforcement_action",
     "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-003)",
     "source_url": null,
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": "Sanctions: OFAC listing",
     "instrument_type": "sanctions_change",
     "source": "FIM (sentinel.gi) sanctions_change_register (issue FIM-BASE-SANC-003)",
     "source_url": null,
     "source_tier": "2",
     "retrieved_at": null
    },
    {
     "finding": "Enforcement: OFAC — TradeStation Securities, Inc. (Florida-headquartered brokerage)",
     "instrument_type": "enforcement_action",
     "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-001)",
     "source_url": null,
     "source_tier": "1",
     "retrieved_at": null
    },
    {
     "finding": "Gap: regulatory-failure",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-001)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: legal-gap",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": "Gap: capacity-deficit",
     "instrument_type": "gap",
     "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-004)",
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "W12",
   "name": "Correspondent Banking, Settlement & Access",
   "confidence": "Confirmed",
   "moved_this_cycle": false,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w12-correspondent-banking-settlement-access",
   "standing_position": "Florida's correspondent-banking and cross-border settlement access architecture runs through Chapter 663 (International Banking), which lets OFR licence foreign-bank agencies/branches/offices, with Miami serving as a de facto US correspondent-banking hub for Latin America, subject to sanctions-driven de-risking pressure.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "Chapter 663, Florida Statutes (International Banking)",
     "source": "https://codes.findlaw.com/fl/title-xxxviii-banks-and-banking/fl-st-sect-663-01/",
     "source_url": "https://codes.findlaw.com/fl/title-xxxviii-banks-and-banking/fl-st-sect-663-01/",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "OFR supervisory scope",
     "source": "https://myfloridacfo.com/about/about-dfs/commission",
     "source_url": "https://www.bankdirectoriesonline.com/cms-bankshow/Florida+International+Bankers+Association.html",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Bureau of Bank Regulation",
     "source": "https://flofr.gov/divisions-offices/division-of-financial-institutions",
     "source_url": "https://www.bankdirectoriesonline.com/cms-bankshow/Florida+International+Bankers+Association.html",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Capital equivalency requirement",
     "source": "https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0663/0663.html",
     "source_url": "https://www.bankdirectoriesonline.com/cms-bankshow/Florida+International+Bankers+Association.html",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "Correspondent-relationship de-risking",
     "source": "https://www.govinfo.gov/content/pkg/USCOURTS-flsd-1_22-cv-20201/pdf/USCOURTS-flsd-1_22-cv-20201-3.pdf",
     "source_url": "https://www.bankdirectoriesonline.com/cms-bankshow/Florida+International+Bankers+Association.html",
     "source_tier": "2",
     "retrieved_at": "2026-07-05"
    }
   ]
  },
  {
   "code": "W13",
   "name": "Commercial Intelligence & Fintech",
   "confidence": "Assessed",
   "moved_this_cycle": true,
   "url": "https://payments.gi/jurisdictions/united-states-florida/#w13-commercial-intelligence-fintech",
   "standing_position": "Florida established a state-run pilot allowing certain state fees to be paid using stablecoins via the Department of Financial Services, separate from the OFR-supervised private-issuer licensing regime.",
   "findings": [
    {
     "finding": null,
     "instrument_type": "commercial_event: organic growth",
     "source": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_url": "https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/",
     "source_tier": "3",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "commercial_event: regulatory settlement",
     "source": "https://infobytes.orrick.com/2026-03-20/florida-fines-software-company-155k-for-alleged-unlicensed-money-transmission/",
     "source_url": "https://floridapolitics.com/archives/804440-stablecoin-virtual-currency-kiosk-bills-signed-into-law/",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    },
    {
     "finding": null,
     "instrument_type": "commercial_event: regulatory/product enablement",
     "source": "https://floridapolitics.com/archives/804440-stablecoin-virtual-currency-kiosk-bills-signed-into-law/",
     "source_url": "https://floridapolitics.com/archives/804440-stablecoin-virtual-currency-kiosk-bills-signed-into-law/",
     "source_tier": "1",
     "retrieved_at": "2026-07-05"
    }
   ]
  }
 ]
}