Dept. of Financial Institutions: Wisconsin joins $80 million enforcement action against Block, Inc., Cash App for Bank Secrecy Act & anti-money laundering violations

MADISON, Wis. — The Wisconsin Department of Financial Institutions (DFI) today announced Wisconsin and 47 other state financial regulatory agencies have taken coordinated action against Block, Inc., for violations of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws that safeguard the financial system from illicit use.  More than 50 million consumers in the Unite...