Large or repeated deposits can be reported to the IRS, as required by the Bank Secrecy Act. Unusual patterns may also be ...

Banks alerted authorities to $1.4 billion in suspicious transactions in 2024, a big assist in the nation's fight against crime and fentanyl trafficking, according to the Financial Crimes Enforcement ...

Block is paying $40 million to settle charges by New York's financial regulator alleging failures with the company's money ...

The fentanyl trade is supported by sophisticated money laundering schemes, a new report from the treasury secretary reveals.

Block will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services ...

Fintech firm Block has agreed to pay a $40m fine after New York’s Department of Financial Services (DFS) found “significant” ...

In light of the approaching April 15 tax filing deadline, this week’s update highlights recent developments in U.S. federal tax policy that may ...

The digital payments company co-founded by Jack Dorsey has reached a settlement with the New York financial regulator amid ...

Cash App last year delivered $5.24 billion in gross profit for Block, representing by far its most profitable product. By the ...

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who ...

New York Superintendent of Financial Services, Adrienne A. Harris, announced on Thursday that Block (XYZ) will pay a $40M penalty for ...