Block Fined $40M Over Cash App’s Crypto Compliance Failures and 169K Ignored Alerts
2025-04-11
crypto Compliance Failures and 169K Ignored Alerts" decoding="async" loading="lazy" style="float:left; margin:0 15px 15px 0;" srcset="https://static.news.bitcoin.com/wp-content/uploads/2025/04/block-fined-cash-app-crypto-compliance-300x169.jpg 300w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/block-fined-cash-app-crypto-compliance-1024x576.jpg 1024w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/block-fined-cash-app-crypto-compliance-768x432.jpg 768w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/block-fined-cash-app-crypto-compliance-190x107.jpg 190w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/block-fined-cash-app-crypto-compliance-380x214.jpg 380w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/block-fined-cash-app-crypto-compliance-760x428.jpg 760w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/block-fined-cash-app-crypto-compliance.jpg 1280w" sizes="(max-width: 768px) 100vw, 768px" />New York hits Block with a $40 million fine and mandates independent oversight after major compliance failures in Cash App’s bitcoin and fiat transaction monitoring. NY Regulator Unleashes Oversight Blitz on Block After Missed Red Flags and AML Gaps New York State’s Department of Financial Services (DFS) announced on April 10 that Block Inc. will […]