meta_id 3123655

On May 2026, the Florida Office of Financial Regulation (OFR) issued a Final Order resolving enforcement action against Wahneta Discount Foods Inc. and Hassan M. Haifa, the company's President and Sole Owner. The matter concluded through a Stipulation and Consent Agreement following an examination of the money services business's operations for the period July 1, 2019 through June 30, 2021. The OFR identified three violations of Florida's money services regulations under Chapter 560, Florida Statutes. Wahneta Discount Foods Inc. failed to timely report the closing and opening of bank accounts in violation of Section 560.126(2). The company also failed to maintain a complete returned payment instrument log, violating Rule 69V-560.704(3)(a) and Section 560.114(1)(a). Additionally, the respondents failed to maintain a bank account with authorized signatories, violating Rule 69V-560.704(1)(b) and Section 560.114(1)(a). Under the settlement terms, Wahneta Discount Foods Inc. and Hassan M. Haifa agreed to pay an administrative fine of $5,500.00 and to cease and desist from future violations of Chapter 560 and its implementing rules. The respondents must comply with all provisions of Florida's money services regulations going forward. The Final Order incorporates the full terms of the Stipulation and Consent Agreement and constitutes final agency action. Non-compliance with the agreement's terms may result in the issuance of an emergency cease and desist order. REFERENCES: State of Florida Office of Financial Regulation. Final Order and Stipulation and Consent Agreement. Case Number 121206. May 2026.