Block reaches a $40M settlement with NYDFS for critical gaps in its AML program, particularly concerning risk-based controls and customer due diligence (Sarah Wynn/The Block)
Sarah Wynn / The Block: Block reaches a $40M settlement with NYDFS for critical gaps in its AML program, particularly concerning risk-based controls and customer due diligence — - Block, Inc. had AML gaps including failing to have risk-based controls to prevent money laundering and illicit activity as well as insufficient customer due diligence, NYDFS said.
Sarah Wynn / The Block:
Block reaches a $40M settlement with NYDFS for critical gaps in its AML program, particularly concerning risk-based controls and customer due diligence — - Block, Inc. had AML gaps including failing to have risk-based controls to prevent money laundering and illicit activity as well as insufficient customer due diligence, NYDFS said.
