pc
nid 92758
May 22, 2026
ataylor@vixio.com
Florida
Florida Office of Financial Regulation - Division of Administrative Hearings
horizon scanning
66% of draft length
draft in Generated
Generated
1906 charsFlorida Office of Financial Regulation Issues Final Order Against GalaxyOne Prime LLC for Money Services Violations
On May 22, 2026, the Florida Office of Financial Regulation (OFR) issued a Final Order against GalaxyOne Prime LLC, a Part II Money Services Business licensed under Florida Statutes Chapter 560. The OFR approved a Stipulation and Consent Agreement resolving compliance violations identified during an examination covering January 1, 2023, through December 31, 2024.
GalaxyOne Prime LLC, a wholly owned subsidiary of Galaxy Digital LP, violated multiple regulatory requirements. The company failed to timely report its entity name change from Galaxy Digital Prime Services, LLC to GalaxyOne Prime LLC, submitting the notification 55 days late. Additionally, it failed to report the closure of two bank accounts at Signature Bank (708 days late) and one account at Silvergate Bank (744 days late), violating Rule 69V-560.201(2), Florida Administrative Code, and section 560.126(2), Florida Statutes. The company also failed to disclose that Peter Wisniewski was Chief Executive Officer in its initial and amended license applications, and reported the appointment of Jason Urban as Chief Executive Officer 85 days late on February 28, 2023, violating Rule 69V-560.201(3), Florida Administrative Code, and section 560.126(3), Florida Statutes. GalaxyOne Prime LLC submitted its first quarter 2023 quarterly report 86 days late and failed to submit Financial Audit Reports for 2022 and 2023 within the required 120-day timeframe, with the 2022 report submitted 61 days late and the 2023 report 87 days late, violating Rule 69V-560.602(1), Florida Administrative Code, and section 560.118(2), Florida Statutes.
Under the settlement agreement, GalaxyOne Prime LLC must pay an administrative fine of $15,375.00 and cease all future violations of Chapter 560, Florida Statutes, and related rules. The company must remit payment by wire, cashier's check, or money order to the OFR, referencing Case Number 132007.
Agent draft
Not run yet.
Published
1256 charsFlorida Office of Financial Regulation Fines GalaxyOne Prime $15,375 for Regulatory Reporting Violations
On May 22, 2026, the Florida Office of Financial Regulation (OFR) issued a final order approving a stipulation and consent agreement with GalaxyOne Prime LLC, a licensed money services business, for violating Chapter 560, Florida Statutes . The enforcement action relates to late reporting of business changes and additional reporting failures.
Key findings of the OFR include:
Late reporting of business name and bank account changes: GalaxyOne was 55 days late reporting a name change It also failed to timely report the closing of two bank accounts at Signature Bank (708 days late) and one at Silvergate Bank (744 days late).
Failure to disclose CEO and late CEO appointment reporting: GalaxyOne's initial license application did not disclose its CEO at the time, and they were never fingerprinted. Later, the appointment of a new CEO was reported 85 days late.
Late and inaccurate quarterly reports: GalaxyOne's first quarter 2023 quarterly report was filed more than 45 days after the quarter ended.
Late Financial Audit Reports (FARs): GalaxyOne's 2022 FAR was filed 61 days late, and its 2023 FAR was filed 87 days late.
The OFR imposed an administrative fine of $15,375 against GalaxyOne Prime. The company also agreed to future compliance.