DOJ launches probe into Block’s compliance history following allegations of lapses

CAT May 1, 2024 1 min read

Mike Dalton

Fintech giant Block is under scrutiny by federal prosecutors from the Southern District of New York following allegations of significant compliance failures involving its main business units — Square and Cash App, NBC News reported on May 1. Federal prosecutors launched the probe after a former employee disclosed numerous lapses in the company’s transaction monitoring […]

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DOJ launches probe into Block’s compliance history following allegations of lapses

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