Block Fined $40M Over Cash App’s Crypto Compliance Failures and 169K Ignored Alerts

New York hits Block with a $40 million positive and mandates impartial oversight after main compliance failures in Money App’s bitcoin and fiat transaction monitoring. NY Regulator Unleashes Oversight Blitz on Block After Missed Crimson Flags and AML Gaps New York State’s Division of Monetary Companies (DFS) introduced on April 10 that Block Inc. will […]



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