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U.S. Prosecutors Investigate Jack Dorsey’s Block Over Compliance Failures in Crypto Operations and Sanctions Violations!
Block, the fintech conglomerate founded by Jack Dorsey and parent company of CashApp and Square, is currently under investigation by federal authorities for alleged violations of U.S. sanctions and other regulatory non-compliance issues within its Square and Cash App units, according to an NBC News investigation. This scrutiny comes amid concerns of "widespread" compliance failures across the company's major divisions.