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Block Pays Regulators $80M Over Cash App AML Compliance

Gunnar Larson

16 Jan 2025 16 Jan '25
3:27 p.m.

Block Pays Regulators $80M Over Cash App AML Compliance <https://www.law360.com/capitalmarkets/articles/2284843?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-16&read_main=1&nlsidx=0&nlaidx=6> By Rachel Scharf Jack Dorsey's fintech company Block Inc. has reached an $80 million settlement over alleged anti-money laundering compliance failures by its mobile payments platform Cash App, a coalition of state banking regulators announced Wednesday. Settlement attached | Read full article » <https://www.law360.com/capitalmarkets/articles/2284843?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-16&read_more=1&nlsidx=0&nlaidx=6> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2284843?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-16&read_later=1&nlsidx=0&nlaidx=6>

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