State banking regulators fine Cash App owner over compliance failures
( January 15, 2025, 22:37 GMT | Official Statement) -- MLex Summary: 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 and anti-money laundering laws that safeguard the financial system from illicit use.Statement follows below. See attached files....
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