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.
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 ...
bovnews9h
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 ...
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 ...
Block Inc. stock rises Tuesday, outperforms market
The stock's rise snapped a five-day losing streak.
Jefferies bullish on Block stock as compliance updates mitigate Cash App churn
Jefferies reiterated their Buy rating on Block Inc. (NYSE: SQ) stock, maintaining the price target of $110.00. The firm's analysis indicates that Block Inc. has effectively integrated changes to its ...
State Regulators Issue $80 Million Penalty to Block, Inc., Cash App for BSA/AML Violations
Washington, D.C., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Washington, D.C .— In a coordinated enforcement action by 48 state financial regulators, Block, Inc. will pay an $80 million fine and undertake ...
bovnews2d
What’s Causing Block Inc (SQ) Stock’s 14.38% Jump Over the Last Six Months?
Block Inc (SQ) stock saw a modest uptick, ending the day at $82.42 which represents a slight increase of $0.41 or 0.50% from the prior close of $82.01. The stock opened at $83.03 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, ...
ND Department of Financial Institutions joins settlement against Block Inc. Cash App
The North Dakota Department of Financial Institutions has joined 48 other state financial regulatory agencies in taking ...
cryptonews7d
Block Poised to Be First S&P 500 Company with Explicit Bitcoin Strategy: VanEck’s Matthew Sigel
Block Inc., a financial services and digital payments company, could become the first S&P 500-listed firm with an explicit ...
Stocktwits on MSN1d
Consumer Finance Watchdog Asks Block To Pay $175M Over Cash App Deficiencies: Retail Remains Unfazed
The Consumer Financial Protection Bureau (CFPB) has ordered Block Inc., the operator of peer-to-peer payments app Cash App, ...