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.

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 will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services ...

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who ...

Block, the fintech company behind Cash App, has been dealt with a $40 million penalty over lapses in Cash App’s anti-money ...

The Department of Justice is not a digital assets regulator,” U.S. Deputy Attorney General Todd Blanche said in the Monday ...

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

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

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