Cash App owner Block to pay $40 million civil fine to New York's financial services regulator for lack of anti-money laundering controls and crypto policing failures.

Block is paying $40 million to settle charges by New York's financial regulator alleging failures with the company's money ...

"This sends a message to Robinhood, Coinbase, Kraken, Gemini and all of the others that you better have your know-your-customer and anti-money laundering compliance on point," said John Deaton, the ...

Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act, ...

Block (XYZ) will pay a $40M penalty for failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, the New York State Superintendent of Financial Services Adrienne A. Harris said on ...

Under Switzerland’s draconian banking secrecy law, even revealing that someone holds an account at a Swiss bank can lead to ...

A proposal to prohibit California lawmakers from signing non-disclosure agreements when they create new laws or decide how to use taxpayer dollars cleared its first hurdle at the state Capitol on ...

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who ...

The correspondence shows how a Swiss private bank courted a roster of questionable clients linked to autocratic regimes and ...

Daniel Bley will leave his role after the Connecticut-based bank finds his replacement, the lender said last week.

The Department of Justice is not a digital assets regulator,” U.S. Deputy Attorney General Todd Blanche said in the Monday ...

Deputy Attorney General Todd Blanche said the department will largely stop bringing cases that violate the Bank Secrecy Act ...