This bill amends several sections of Florida Statutes to enhance public records exemptions concerning investigations and examinations by the Office of Financial Regulation, particularly for money transmitters acting as custodians of gold and silver coins. It reenacts and amends sections 560.129, 560.312, 560.4041, 655.057, and 655.50, ensuring that information obtained during these investigations, including customer complaints and transaction details, remains confidential and exempt from public records requirements. The bill also establishes a future legislative review set for October 2, 2031, to assess the necessity of these exemptions, which are designed to protect sensitive personal and financial information and the integrity of ongoing investigations.

Furthermore, the bill emphasizes the importance of confidentiality in safeguarding sensitive information related to potential money laundering or terrorism, while also protecting trade secrets from public disclosure. It introduces a sunset provision that subjects specific subsections regarding confidentiality to the Open Government Sunset Review Act, ensuring that they will be repealed unless reviewed and reenacted by the Legislature. Overall, the bill aims to balance the need for transparency with the imperative of protecting the integrity of financial investigations and the safety of individuals involved.

Statutes affected:
S 7044 Filed: 560.4041