Feds probing financial transactions at Jack Dorsey's Square, Cash App: report
SQBLOCK(SQ) New York Post·2024-05-02 00:41

US prosecutors are examining financial transactions at Jack Dorsey’s Block, NBC News reported Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors were discussing with a former employee alleged widespread compliance lapses at Square and Cash App, the company’s two main units. Areas under investigation include whether the company failed to gather sufficient information on customers to assess risks, if Square processed transactions involving countries subject ...