Block will pay $80M fine to state financial regulators

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 the company had insufficient policies for policing money laundering through its mobile payment service,
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.
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,

US consumer finance watchdog fines payments firm Block

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 ...
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Illinois Joins 47 States in Coordinated Enforcement Action Against Block, Inc. for Alleged BSA and AML Violations
Illinois and 47 other states took coordinated enforcement action against Block, Inc. for BSA and AML regulation breaches ...
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DFR joins $80 million enforcement action against Block Inc, Cash App
More than 50 million consumers in the United States use Cash App, Block’s mobile payment service, to spend, send, store, and invest money.
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Digital payments firm Block may become the first Bitcoin hodler with an “explicit strategy” to be listed in the S&P 500, ...
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First Hawaiian Bank trimmed its stake in shares of Block, Inc. (NYSE:SQ – Free Report) by 11.7% in the fourth quarter, ...