The regulator cited Block's discovery in a 2022 internal investigation of 8,359 Cash App accounts linked to a Russian criminal network. Adrienne Harris, New York's superintendent of financial ...

Prosecutors are examining financial practices at Block, owner of Cash App and Square. An internal document indicates Block processed transactions for terrorist groups.

This is in line with the bank’s standard practice. The bank is asking customers to use the Standard bank app and internet banking to report fraud or manage their cards and payments.

Cash App’s Barcelona-based business fined for anti-money laundering and terrorist financing failures, while Hindenburg Research shorts owner Block, citing ‘Wild West’ approach to compliance.

Block plunges 20% as Cash App miss triggers downgrades By MacKenzie Sigalos, CNBC • Published May 2, 2025 • Updated on May 2, 2025 at 3:35 pm Log in or create a free profile to save articles ...

Separately, the federal Consumer Financial Protection Bureau reached a settlement with Block on Thursday, in which the company agreed to pay up to $120 million to Cash App customers and another ...