Bank Secrecy Act, Block

Block, Inc. Settles for $80 Million Amid Nationwide Crackdown on Bank Secrecy Act Violations
Block, Inc. faces a joint crackdown by the DCCA and 47 states for BSA/AML violations, incurring an $80 million penalty and must review its compliance program.
BitMEX Fined $100 Million for Violating US Bank Secrecy Act
Pioneering cryptocurrency exchange BitMEX was ordered by a judge to pay a $100 million fine for violating US anti-money laundering law, capping one of the first big criminal enforcement cases targeting the crypto market.
Block to pay $80M for violating Bank Secrecy Act, anti-money laundering laws
In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for
BitMEX Fined Additional $100 Million for Violating U.S. Bank Secrecy Act, Bringing Total Penalty to $210 Million
BitMEX, a prominent cryptocurrency exchange, was ordered to pay an additional $100 million fine for violating the U.S. Bank Secrecy Act (BSA) between 2015 and 2020.
US Court Slaps BitMEX With $100 Million Fine for AML Failures
BitMEX was fined $100 million for violating the U.S. Bank Secrecy Act from 2015 to 2020. The Justice Department originally sought a $417 million penalty.
Judge orders BitMEX to pay $100M fine over US banking law violations
Judge John Koeltl has ordered crypto exchange BitMEX to pay $100 million in fines over US banking law violations after a guilty plea.
BitMEX Hit With $100M Fine Over Bank Secrecy Act Violations
The U.S. Department of Justice noted that BitMEX violated the Bank Secrecy Act by “willfully failing” to establish US AML rules.
Crypto Exchange BitMEX Fined $100 Million for Anti-Money-Laundering Failures
Federal prosecutors said BitMEX flouted the rules while doing business with U.S. customers.
BitMEX fined US$100 million for violating US anti-money-laundering laws
Prosecutors accuse BitMEX and its founders of failing to adopt anti-money-laundering and “know your customer” programmes.
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Block Inc. to Pay $80 Million in Settlement for Violations of Bank Secrecy and AML Laws
Oregon and 47 states settled with Block Inc. for BSA/AML violations, imposing an $80 million penalty and requiring an ...
How AI Is Transforming Banking and What It Means for Your Money
Artificial Intelligence (AI) is part of us and has transformed how we live and work today. This transformation is also ...
OCC initiates cease and desist proceedings against Bank of America over BSA
The Office of the Comptroller of the Currency said it intends to initiate cease and desist proceedings against Bank of America (BAC) “pursuant ...
KIMT3d
Cash App to pay $80 million penalty to Iowa, 47 other states
DES MOINES, Iowa – The Iowa Division of Banking is part of a deal reached with the creators of Cash App for violations of ...
US says BitMEX fined $100 million for violating Bank Secrecy Act
The cryptocurrency exchange BitMEX has been fined $100 million for violating the federal Bank Secrecy Act by failing to ...