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Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’
Cash App Owner Block Pays $40M in Settlement Over Major Compliance Failures April 10, 2025Block Inc., the parent company of the popular payment platform Cash App, has agreed to pay $40 million to settle allegations… -
UPDATE: FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to… -
Important FinCEN Update for Business Owners
FinCEN has announced that no fines, penalties, or enforcement actions will be issued for failing to file or update Beneficial Ownership Information (BOI) reports by the current deadlines. Click here for the February 27, 2025… -
Compliant Surcharging vs. Dual Pricing: A Guide for Business Owners
By Jacqueline Speake This comprehensive guide explores the intricacies of visa-compliant surcharging and dual pricing methods for business owners accepting card payments. We’ll delve into the key differences, benefits, and drawbacks of each approach, helping…
