Large or repeated deposits can be reported to the IRS, as required by the Bank Secrecy Act. Unusual patterns may also be ...

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

House Majority Whip Tom Emmer thinks stablecoin legislation should not force issuers like Tether to comply with the Bank Secrecy Act.

Banks alerted authorities to $1.4 billion in suspicious transactions in 2024, a big assist in the nation's fight against crime and fentanyl trafficking, according to the Financial Crimes Enforcement ...

Block is paying $40 million to settle charges by New York's financial regulator alleging failures with the company's money transmitting safeguards in its peer-to-peer service Cash App, which also ...

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

The digital payments company co-founded by Jack Dorsey has reached a settlement with the New York financial regulator amid ...

New York Superintendent of Financial Services, Adrienne A. Harris, announced on Thursday that Block (XYZ) will pay a $40M penalty for ...

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

Cash App last year delivered $5.24 billion in gross profit for Block, representing by far its most profitable product. By the ...