meta_id 2928043

On March 9, 2026, the Florida Office of Financial Regulation (OFR) issued a Final Order against Payoneer Inc., a Part II Money Services Business licensed in Florida (license number FT230000333), resolving enforcement action Case Number 132700. The OFR conducted an examination of Payoneer Inc.'s business records and operations covering the period from January 1, 2024, through March 31, 2025, to assess compliance with Chapter 560, Florida Statutes. The examination identified violations of Rule 69V-560.201(2), Florida Administrative Code, and Section 560.126(2), Florida Statutes. Specifically, Payoneer Inc. failed to timely report the closing and/or opening of bank accounts as required under Florida law. Rather than pursue formal litigation, the parties executed a Stipulation and Consent Agreement to resolve the matter expeditiously. Under the settlement terms, Payoneer Inc. agreed to cease and desist from future violations of Chapter 560, Florida Statutes, and comply with all provisions of the statute and its implementing rules. The company also agreed to pay an administrative fine of $4,375.00 to the OFR. The Final Order incorporates the Stipulation and Consent Agreement as the OFR's Findings of Fact and Conclusions of Law. Payoneer Inc. waived its right to an administrative hearing, appeal, and other procedural rights under Chapter 120, Florida Statutes. Non-compliance with the agreement's terms may result in the issuance of an emergency cease and desist order. John Caplan, President, Chief Executive Officer, and Director of Payoneer Inc., executed the agreement on behalf of the company. REFERENCE: State of Florida Office of Financial Regulation, Final Order and Stipulation and Consent Agreement, Case Number 132700 (March 9, 2026)