Superintendent Adrienne A. Harris Secures $40 Million Settlement with . . . Superintendent of Financial Services, Adrienne A Harris, announced today that Block, Inc will pay a $40 million penalty for significant failures in its Bank Secrecy Act Anti-Money Laundering compliance program, which violated the Department’s money transmitter and virtual currency regulations
Block agrees to pay $40M New York penalty | Payments Dive Payments technology company Block agreed to pay a $40 million civil monetary fine Thursday as part of an agreement to resolve claims brought by the New York State Department of Financial Services over lax oversight of its financial services
Block, Owner Of Cash App, Agrees To $40 Million Fine To Settle New York . . . Block, the company behind Cash App, has agreed to pay a $40 million civil fine to settle charges from New York’s Department of Financial Services (NYDFS) over allegations that it failed to adequately address money laundering risks on its popular mobile payment service
Payments company Block to pay $40 million fine in New York over . . . Block will pay a $40 million fine to settle accusations the payments company had significant failures in its anti-money laundering compliance program and virtual currency compliance failures on its Cash App platform, New York's financial services regulator said on Thursday
Block to Pay New York $40 Million in Cash App Settlement (1) Block Inc , the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform
Block fined $40m over AML failings related to Cash App Fintech firm Block has agreed to pay a $40m fine after New York’s Department of Financial Services (DFS) found “significant” lapses in its anti-money laundering compliance programme linked to its Cash App platform