Arizona DIFI Joins $80 Million Enforcement Action Against Block, Inc., Cash App for BSA/AML Violations
January 23, 2025
January 23, 2025
PHOENIX, Arizona, Jan. 23 -- The Arizona Department of Financial Institutions issued the following news release:
The Arizona Department of Insurance and Financial Institutions (DIFI) and 47 state financial regulatory agencies have taken coordinated action against Block, Inc., for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
More than 50 million consumers in the United States use Cash App, . . .
The Arizona Department of Insurance and Financial Institutions (DIFI) and 47 state financial regulatory agencies have taken coordinated action against Block, Inc., for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use.
More than 50 million consumers in the United States use Cash App, . . .