title: US-FL — AML/CFT & Financial Crime (W11) | World Payments Monitor canonical: https://payments.gi/jurisdictions/united-states-florida/w11/ ### W11 AML/CFT & Financial Crime (Sentinel.gi-fed) moved [Sourced from Sentinel.gi ↗](https://sentinel.gi/jurisdictions/united-states-florida/#sec-dom-D7) Probable re-verified 2026-10-18 · changed 2026-10-13 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. Movement — CHANGED Stablecoins added to Florida AML statute_AML perimeter expansion via statutory amendment_ Standing sub-brief · as of 5 July 2026 179 words · last cycle 2026-10-13 #### AML/CFT & Financial Crime This module's intelligence is sourced from the Sentinel.gi feed; WPM carries the finding forward without independent illicit-finance analysis. The Florida Control of Money Laundering in Money Services Business Act requires AML programs, comprising risk assessment, employee training and a compliance officer, for MSB licensees, with SAR filing to FinCEN upon identification of questionable transactions. SB314 extends these Bank Secrecy Act-aligned obligations to stablecoin issuers by adding stablecoins to the statutory definition of monetary value, effective alongside the substantive stablecoin licensing provisions on 1 October 2026. Separately, a Miami-based bank's 2017 opening of a correspondent account for Banco de Venezuela, despite competitor de-risking amid sanctions pressure, later drew regulatory scrutiny via a consent order; the sanctions-evasion dimension of this dynamic has been routed to the Financial Intelligence Monitor as exceeding WPM's payments-instrument scope. #### Outlook The SB314 AML extension to stablecoin issuers takes effect alongside substantive licensing on 1 October 2026. For further analysis of the correspondent-banking sanctions dimension, see the Financial Intelligence Monitor; this module will continue to carry Sentinel.gi-fed findings rather than original illicit-finance conclusions. Periodic update · new data 2026-10-13 #### AML/CFT & Financial Crime Florida's payment-stablecoin framework carries a direct AML dimension distinct from, but commencing alongside, its licensing requirement: the state's Control of Money Laundering in Money Services Business Act was amended to add payment stablecoins to the definition of monetary value, prohibiting unlicensed issuance under that AML statute specifically. This means a stablecoin issuer operating without the required licence is exposed on two separate statutory fronts simultaneously — the money-transmitter licensing requirement and the AML monetary-value prohibition — both administered by the same regulator, the Office of Financial Regulation, and both tied to the same October 1, 2026 effective date. This AML extension sits within Florida's existing Chapter 560 enforcement architecture rather than creating a parallel enforcement track, meaning the regulator's established enforcement tools and track record under that chapter now extend to the newly covered stablecoin activity. The broader financial-crime relevance is that this is the first instance of a US state explicitly folding a digital-asset category into its own anti-money-laundering statute's core definitional architecture, rather than relying solely on federal AML frameworks or general money-transmission licensing to capture the activity. How Florida's AML extension interacts in practice with federal AML expectations for payment stablecoins, as those develop under the GENIUS Act framework, is an open structural question. No specific AML enforcement action targeting stablecoin activity under the new provision has been identified, since the provision has only just commenced. **1 earlier distinct update(s)** Periodic update · new data 2026-09-28 #### AML/CFT & Financial Crime This slot is supplied by the financial-integrity consumer, which authors the substantive AML/CFT analysis of Florida's Chapter 560 amendments; no first-party world-payments prose is written here beyond noting that the same legislative package driving the W1a and W2 developments above also carries an AML/CFT dimension tracked separately. See the financial-integrity monitor for the AML/CFT-specific outlook on Florida's Chapter 560 amendments. **Coverage Gaps (`not_examined` model · S-1)**4 deficiency record(s) separated from substantive evidence - not_examined Gap: sourcing-thinness (Sentinel (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-005)) - not_examined Gap: regulatory-failure (Sentinel (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-001)) - not_examined Gap: legal-gap (Sentinel (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)) - not_examined Gap: capacity-deficit (Sentinel (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-004)) ** Sources and findings (4 unique sources · R-3/R-4)** 1. [W11-E1] T2 Derived: Confirmed [in_force sentinel.https://coinmarketcap.com/academy/article/florida-becomes-first-us-state-to-pass-a-stablecoin-regulatory-bill](https://infobytes.orrick.com/2026-07-24/florida-creates-licensing-regime-for-stablecoin-issuers-pilot-allowing-stablecoin-fee-payments/) re-verified 2026-06-20 SB314 amends the Money Laundering in Money Services Business Act to explicitly add stablecoins to the definition of 'monetary value', extending BSA-aligned obligations to stablecoin issuers from October 2026. 2. [W11-E2] T2 Derived: Probable [in_force Sentinel (sentinel.gi) per-JID baseline profile — United States — Florida](https://blockeden.xyz/blog/2026/04/03/florida-stablecoin-regulatory-framework-state-crypto-banking/) re-verified 2026-06-20 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. 3. [W11-E4] T2 Derived: Confirmed in_force [Collapsed 2× uses Sentinel (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-003)](https://flofr.gov/enforcement/final-administrative-actions) re-verified 2026-07-05 Enforcement: U.S. Department of Justice / U.S. Attorney's Office, Southern District of Florida — Close associate of ousted Venezuelan President Nicolás Maduro 4. [W11-E5] T2 Derived: Confirmed [in_force Sentinel (sentinel.gi) sanctions_change_register (issue FIM-BASE-SANC-003)](https://flofr.gov/divisions-offices/division-of-consumer-finance/money-transmitters) re-verified 2026-07-05 Sanctions: OFAC listing