#USProsecutors

Block accused of mass compliance failures that saw digi-dollars reach terrorists

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May 1, 2024 at 08:40PM US prosecutors are reportedly investigating fintech company Block over compliance issues related to its Square and Cash App services. A former employee allegedly provided documents detailing lax compliance checks, including approval of merchant accounts without due diligence and difficulties in monitoring transactions for US law compliance. The company claims to … Read more

Crypto-crook Sam Bankman-Fried spared a second trial

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January 2, 2024 at 03:14PM US prosecutors have decided not to pursue a second trial for convicted crypto figure Sam Bankman-Fried. A letter cited already considered evidence and public interest for a prompt resolution. The decision could affect SBF’s March 2024 sentencing, as it would involve negotiating with The Bahamas over extradition terms. The first … Read more