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Bank Secrecy Act, Block

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.

Business Insider · 2d

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

Reuters on MSN · 2d

US says BitMEX fined $100 million for violating Bank Secrecy Act

The cryptocurrency exchange BitMEX has been fined $100 million for violating the federal Bank Secrecy Act by failing to adequately police money laundering, the U.S. Department of Justice said on Wednesday.

New Mexico to get $1.6M from settlement with Cash App parent company

The parent company of Cash App will pay around $1.6 million to New Mexico to settle claims that the company wasn't doing ...

2d

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 ...

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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 ...

Albuquerque Journal1d

NM to receive $1.6M as part of Cash App settlement

Block violated the Bank Secrecy Act and anti-money laundering laws aimed at safeguarding the financial system from illicit ...

Wisconsin joins other states to penalize Cash App's parent company; allegedly noncompliant to anti-laundering laws

The State of Wisconsin and 47 other state financial regulatory companies have taken "coordinated action" to a company that ...

2UrbanGirls.com on MSN7h

How Money Laundering Erodes Small Business Operations

Money laundering is often viewed as a problem restricted to large financial institutions or multinational corporations.

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