Cash App’s Block Inc Settles for $40 Million Over AML Failures For Crypto Platform
2025-04-11
Block, Inc., the company behind Cash App, has reached a $40 million settlement with the New York Department of Financial Services (NYDFS). The penalty follows an investigation into the company’s failure to maintain proper anti-money laundering (AML) compliance. The NYDFS found that Block had significant issues with its AML program, particularly with its handling of
The post Cash App’s Block Inc Settles for $40 Million Over AML Failures For crypto Platform appeared first on CoinGape.