Block Fined $40M Over Money App’s Crypto Compliance Failures and 169K Ignored Alerts

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New York hits Block with a $40 million superb and mandates impartial oversight after main compliance failures in Money App’s bitcoin and fiat transaction monitoring. NY Regulator Unleashes Oversight Blitz on Block After Missed Purple Flags and AML Gaps New York State’s Division of Monetary Providers (DFS) introduced on April 10 that Block Inc. will […]

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