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

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

New legislation introduced in the New Jersey Senate would require virtual currency kiosk operators to follow strict disclosure, safety, and ...

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 ...

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

Daniel Bley will leave his role after the Connecticut-based bank finds his replacement, the lender said last week.

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

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

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

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

Block (XYZ) will pay a $40M penalty for failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, the New York State Superintendent of Financial Services Adrienne A. Harris said on ...

Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report ...