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., developer of the popular Cash App digital wallet, agreed to pay $80 million for violating money-laundering and other regulations, the Maine Bureau of Consumer Credit Protection announced ...
The Cash App Class Action Settlement resolves claims of insufficient security and postponed fraud remedies in the wake of two ...
Block, which owns Cash App, is being fined for violations of the Bank Secrecy Act and anti-money laundering laws.
As of March 4, 2024, Cash App is seeking approval from a California federal judge to approve a $15 million settlement agreement. Security features of Cash App Investing aim to protect users ...
Customers who purchased Deep River brand potato chips labeled “Non-GMO Ingredients” may be eligible for a cash payment from a class action settlement. Old Lyme Gourmet Co., the company behind ...
Apple has agreed to pay out a $95 million settlement in response to a class-action lawsuit that alleged it violated users' ...
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 ...
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