About this document
Block, Inc. Consent Order on AML Failures by peterkpaik is a document available to read on EtoBox.
The New York State Department of Financial Services issued a consent order against Block, Inc. for serious compliance deficiencies related to anti-money laundering (AML) regulations and consumer protection laws. The investigations revealed significant backlogs in suspicious activity reports and inadequate transaction monitoring processes, which created vulnerabilities for illicit activities. Block has agreed to resolve these issues without further proceedings, acknowledging the need for improved compliance
- Author
- peterkpaik
- Language
- EN