Block, Bank Secrecy Act

Block, Inc. Settles for $80 Million Amid Nationwide Crackdown on Bank Secrecy Act Violations
Block, Inc. faces a joint crackdown by the DCCA and 47 states for BSA/AML violations, incurring an $80 million penalty and must review its compliance program.
Block to pay $80M for violating Bank Secrecy Act, anti-money laundering laws
In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for
State regulators fine Block Inc $80 million for anti-money laundering violations
Block, Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators for violations of anti-money laundering laws through its mobile payment service, Cash App. The multi-statement settlement would also see the fintech firm bring in an independent consultant to review its Bank Secrecy Act and anti-money laundering program,
Block Inc. to Pay $80 Million in Settlement for Violations of Bank Secrecy and AML Laws
Oregon and 47 states settled with Block Inc. for BSA/AML violations, imposing an $80 million penalty and requiring an independent review of Block's compliance program.
Block will pay $80M fine to state financial regulators over AML law violations
Block (NYSE:SQ) has agreed to an $80M settlement with 48 state financial regulators who found that one the company's payment ecosystems, Cash App, lacked adequate anti-money laundering measures, according to a statement issued on Wednesday.
Business Wire2h
BLOCK SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class ...
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until ...
US state regulators fine Block Inc $80 million for insufficient money laundering controls
Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined ...
bovnews2d
Block Inc (SQ) Stock: Beyond the Surface of Its Performance?
Block Inc (SQ) stock saw a modest uptick, ending the day at $86.38 which represents a slight increase of $1.59 or 1.88% from the prior close of $84.79. The stock opened at $85.1 and touched a low of ...
Block could be the first firm with a BTC strategy in the S&P 500: VanEck
Digital payments firm Block may become the first Bitcoin hodler with an “explicit strategy” to be listed in the S&P 500, ...
The Boston Globe3d
48 states hit Cash App operator with a $80m fine
Regulators found that Block Inc., the New York Stock Exchange-listed firm that operates Cash App, had not been compliant with regulations in ways that could have created an opening for “money ...
MarketWatch6d
Block Inc. stock falls Monday, underperforms market
Shares of Block Inc. SQ shed 0.64% to $82.01 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.86% to ...
24/7 Wall St3d
Block Inc - Class A
Block Inc, formerly known as Square, is a dynamic company that revolutionizes how businesses and individuals manage commerce and financial services. It offers a wide array of products through its ...
Nevada joins $80 million enforcement against Block Inc over insufficient enforcement
The State of Nevada has joined 47 other regulatory agencies in taking action against Block Inc, the mobile payment service ...