Block agrees to pay $80M to a group of 48 US state financial regulators that say it had insufficient policies for policing money laundering through Cash App https://www.reuters.com/... Reuters 2025-01-16 Pete Schroeder Related Coverage Block hit with $255m in penalties over Cash App failings Finextra Block fined $80m by US state regulators over alleged violations of BSA and AML rules FinTech Futures State Regulators Issue $80 Million Penalty to Block, Inc., Cash App for BSA/AML Violations CSBS Block Inc pays USD 80 million fine for violating AML regulations The Paypers Block to Pay $80 Million to Settle AML Violation Allegations PYMNTS.com Block to Pay $80 Million for Cash App Money Laundering Flaws Bloomberg Law Pennsylvania Department of Banking and Securities Joins $80 Million Settlement Against Block, Inc.'s Cash App for Violating Anti-Money Laundering Laws pa.gov Block to pay $128m fine after money laundering violations Capital Brief Cash App Owner to Pay $80 Million Over Alleged Anti-Money-Laundering Deficiencies Wall Street Journal Block has been fined $80M for inadequate measures preventing money laundering via Cash app. This sounds like one of those situations where the fine is a small price to pay compared to the earnings from the crime. — https://www.reuters.com/... @carnage4life@mas.to