Block had over 169,000 suspicious activity alerts by 2020, with SARs delayed an average of 129 days. The delays weakened oversight of suspicious transactions and contributed to compliance vulnerabilities

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Block had accumulated over 169,000 suspicious activity alerts by 2020, with delayed Suspicious Activity Reports (SARs) averaging 129 days
The company was allegedly too slow in reporting suspicious transactions to regulators and failed to adequately screen so-called “high-risk” Bitcoin (BTC) transactions.