TITLE: Florida Office of Financial Regulation Issues Final Order Against CRE Consulting Group Inc. and Courtney Morgan
BODY:
On March 3, 2026, the Florida Office of Financial Regulation (OFR) issued a Final Order resolving enforcement action against CRE Consulting Group Inc. and Courtney Morgan (Case Number 128465). The OFR approved a Stipulation and Consent Agreement settling violations identified during an examination of the respondents' operations covering July 1, 2022, through June 30, 2024.
CRE Consulting Group Inc. is a Part II Money Services Business licensed in Florida (license number FT230000275), with Courtney Morgan serving as President, Compliance Officer, Responsible Person, and Sole Owner. The OFR identified three primary violations: failure to report the removal of or change to a control person and failure to timely report the addition of a compliance officer, in violation of Rule 69V-560.201(3), Florida Administrative Code and section 560.126(3), Florida Statutes; failure to timely renew FinCEN Registration as required by section 560.1235(1), Florida Statutes and 31 Code of Federal Regulations section 1022.380(b)(2)-(3); and failure to implement an anti-money laundering (AML) manual relating to conducting independent reviews, in violation of section 560.114(1)(y), Florida Statutes.
Under the settlement terms, the respondents agreed to pay an administrative fine of $2,000 and to cease and desist from future violations of chapter 560, Florida Statutes and related rules. The respondents waived their right to an administrative hearing and appeal. Non-compliance with the agreement may result in an emergency cease and desist order.
REFERENCES:
State of Florida Office of Financial Regulation. Final Order and Stipulation and Consent Agreement. Case Number 128465. March 3, 2026. Available at: Agency.Clerk@flofr.gov