May 1, 2024, 4:11 PM
May 1, 2024, 1:59 PM
US prosecutors investigating financial transactions at Block, as reported by NBC News
- US prosecutors are looking into financial transactions at Block, focusing on compliance lapses at Square and Cash App.
- Areas under investigation include whether there was a failure to gather sufficient customer information to assess risks.
- Shares of Block fell more than 7% in early trading following the news report.
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