Jack Dorsey's Block fined $40M for compliance failures

Article

Description

Block, Inc. has agreed to pay a $40 million penalty to the New York Department of Financial Services (DFS) over compliance failures related to its Cash App platform. DFS found serious lapses in AML, cybersecurity and consumer protection standards.

Publish date

Apr 10, 2025 - 8:31am

Publisher

Crypto Briefing

Web URL

https://cryptobriefing.com/cash-app-compliance-settlement