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Michigan Joins Enforcement Action Against Block, Inc.
On January 15, 2025, Michigan announced its participation in a significant enforcement action against Block, Inc., the parent company of Cash App, alongside 47 other state financial regulatory agencies.
* This coordinated effort addresses violations of the
**Bank Secrecy Act (BSA)** &
**anti-money laundering (AML)**
laws, which are crucial for maintaining the integrity of the financial system against illicit activities.
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For Michigan residents seeking more information about this enforcement action, they can reach out to the Michigan Department of Insurance and Financial Services at **[email protected]** or visit the **NMLS Consumer Access** website to verify company licenses and view past enforcement actions.
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