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Block will pay $80M fine to state financial regulators
Block agrees to pay up to $120 million in refunds to resolve Cash App fraud
The Consumer Financial Protection Bureau announced the order on Thursday in the waning days of the Biden administration.
State Regulators Issue $80 Million Penalty to Block, Inc., Cash App for BSA/AML Violations
In a coordinated enforcement action by 48 state financial regulators, Block, Inc. will pay an $80 million fine and undertake corrective action for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
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.
Hoodline
11h
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 ...
4d
on MSN
Los Angeles wildfires: Altadena resident stunned to find home was only one left standing on his block
An Altadena resident captured a stunning video showing his home as the only one left standing following the devastating Eaton ...
2d
Block’s Regulatory Challenges and Investor Sentiment: Justifying a Sell Rating
James Faucette, an analyst from Morgan Stanley, maintained the Sell rating on Block (SQ – Research Report). The associated price target remains ...
Hoodline
1d
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 ...
6h
This charging block was featured at CES because it’s that awesome
This travel-friendly charger, measuring about 2" x 2", won’t take up much room in your bag while packing the ability to power ...
6h
on MSN
Patrick Williams on the block
It’s hard to call the Bulls’ embarrassing loss Friday to the Hornets rock bottom for their front office, especially when the ...
2d
on MSN
House Dems threaten to block Trump's big tariff plans: 'Unacceptable'
A group of House Democrats is pushing to block President-elect Donald Trump from being able to impose his sweeping plan for ...
2d
Automaker group files lawsuit to block US automatic emergency braking rule
A group representing major automakers said on Friday it filed a lawsuit to block a landmark rule from the administration of ...
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