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Block will pay $80M fine to state financial regulators

US state regulators fine Block Inc $80 million for insufficient money laundering controls

Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined the company had insufficient policies for policing money laundering through its mobile payment service,

Business Insider · 1d

State Regulators Issue $80 Million Penalty to Block, Inc., Cash App for BSA/AML Violations

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 (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.

Seeking Alpha on MSN · 1d

Block will pay $80M fine to state financial regulators over AML law violations

Block (NYSE:SQ) has agreed to an $80M settlement with 48 state financial regulators who found that one the company's payment ecosystems, Cash App, lacked adequate anti-money laundering measures, according to a statement issued on Wednesday.

Reuters on MSN · 1d

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,

US consumer finance watchdog fines payments firm Block

KX News · 15h

ND Department of Financial Institutions joins settlement against Block Inc. Cash App

The North Dakota Department of Financial Institutions has joined 48 other state financial regulatory agencies in taking action against Block Inc., a financial service firm, for violations of the

Reuters on MSN · 1d

US consumer finance watchdog fines payments firm Block over Cash App operations

The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty citing fraud and weak security protocols on its mobile payment service Cash App. The regulator said Block,

Newsable Asianet News on MSN · 1d

Consumer Finance Watchdog Asks Block To Pay $175M Over Cash App Deficiencies: Retail Remains Unfazed

The Consumer Financial Protection Bureau (CFPB) has ordered Block Inc., the operator of peer-to-peer payments app Cash App, to pay $175 million in refunds, compensation, and penalties for certain deficiencies.

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Block Inc (SQ) Stock: Beyond the Surface of Its Performance?

Block Inc (SQ) stock saw a modest uptick, ending the day at $86.38 which represents a slight increase of $1.59 or 1.88% from the prior close of $84.79. The stock opened at $85.1 and touched a low of ...

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Nevada joins $80 million enforcement against Block Inc over insufficient enforcement

The State of Nevada has joined 47 other regulatory agencies in taking action against Block Inc, the mobile payment service ...

1don MSN

Jefferies bullish on Block stock as compliance updates mitigate Cash App churn

Jefferies reiterated their Buy rating on Block Inc. (NYSE: SQ) stock, maintaining the price target of $110.00. The firm's analysis indicates that Block Inc. has effectively integrated changes to its ...

Block Inc. stock falls Monday, underperforms market

Shares of Block Inc. SQ shed 0.64% to $82.01 Monday, on what proved to be an all-around mixed trading session for the stock ...

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What’s Causing Block Inc (SQ) Stock’s 14.38% Jump Over the Last Six Months?

Block Inc (SQ) stock saw a modest uptick, ending the day at $82.42 which represents a slight increase of $0.41 or 0.50% from the prior close of $82.01. The stock opened at $83.03 and touched a low of ...