Block’s lax treatment of high-risk Bitcoin transactions allowed largely anonymous transactions to proceed without proper scrutiny," the regulator said.
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Authors
Sarah Wynn
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Jack Dorsey's Block, Inc. settles for $40 million with NY regulator over AML failures
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Block failed to properly monitor high-risk Bitcoin transactions, including those linked to mixers and terrorism-related wallets, which allowed largely anonymous transfers to proceed without proper scrutiny
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