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by: xpoolPosted on: April 10, 2025

Block Lands $40 Million Settlement with NYDFS Over AML Concerns

Blockchain’s parent company, Block, has reached a $40 million settlement with the New York Department of Financial Services (NYDFS) to address alleged Anti-Money Laundering (AML) compliance failures. The agreement underscores the escalating regulatory scrutiny facing cryptocurrency firms and emphasizes the importance of robust compliance practices in this sector.

Related posts:

  1. OKX Pays $500 Million+ Over Unlicensed US Business, Facing Regulatory Fallout
  2. Block Inc. Negotiates AML Settlement With New York Regulators
  3. AUSTRAC Tightens Crypto ATM Rules in Australia, Warning of Penalties
  4. Block Inc. Pays $40 Million Settlement to NYDFS over Cash App AML Failures
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