[…] Block has agreed to pay an $80 million fine and implement corrective measures after 48 state financial regulators alleged its Cash App service violated Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. The settlement includes hiring an independent consultant to review and improve its BSA/AML program within a year. Block stated it has increased compliance investments to meet regulatory standards. Separately, the company settled a $15 million lawsuit over a 2021 data breach that affected 8.2 million Cash App users. (Source) […]