Arkansas Securities Department joins $80M action against Block, Cash App for BSA/AML violations.
The Arkansas Securities Department joined 47 state financial regulatory agencies in an $80 million coordinated enforcement action against Block, Inc. and its Cash App over Bank Secrecy Act and anti-money-laundering violations.
Why It Matters
For Arkansas finance professionals, this action underscores heightened regulatory scrutiny of BSA/AML compliance in mobile payment platforms like Cash App.