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  CT Department of Banking Issues a Consent Order for Bertlink, LLC
  

  The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

  On January 8, 2025, the Connecticut Department of Banking conducted an investigation into the activities of Betrlink to determine if it had violated, was violating or was about to violate the provisions of the Connecticut General Statutes within the jurisdiction of the Commissioner. As a result of such investigation, the Commissioner alleged that since at least June 27, 2022, Betrlink engaged in the business of money transmission in this state without the required license by providing dedicated accounts to, and transmitting funds on behalf of, approximately twenty (20) Connecticut residents, in violation of Section 36a-597(a) of the Connecticut General Statutes, in effect at such time. Betrlink voluntarily agreed to consent to the entry of the sanctions without admitting or denying the allegations set forth, and represents to the Commissioner that it has reviewed and updated its internal policies, procedures and controls for ensuring compliance with money transmission licensure requirements in Connecticut. Betrlink also agreed to pay $5,000 as a civil penalty and $3,750 as payment for back licensing fees.

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