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<ul> 
 <li>Block, the fintech company founded by Twitter co-founder Jack Dorsey, is under federal investigation for alleged compliance failures and links to terrorist networks through crypto transactions.</li> 
 <li>A former employee of Block has provided documents to the Southern District of New York, revealing compliance lapses, inadequate customer information collection, and the processing of crypto transactions for sanctioned countries and terrorist groups.</li> 
 <li>The company is accused of processing thousands of transactions involving countries subject to economic sanctions, such as Cuba, Iran, Russia, and Venezuela.</li> 
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<p><strong>Federal prosecutors are investigating Block, a fintech company founded by Twitter co-founder Jack Dorsey, for alleged compliance failures and links to terrorist networks through crypto transactions.</strong></p> 
<h2 id="strong-bitcoin-transactions-linked-to-terrorism-revealed-strong"><strong>Bitcoin Transactions Linked To Terrorism Revealed</strong></h2> 
<p>According to a <a rel="nofollow noopener" href="https://www.nbcnews.com/business/personal-finance/prosecutors-examining-transactions-block-owner-cash-app-squarc-rcna147181" target="_blank">report</a>, the former employee disclosed that Block’s units, Square and Cash App, failed to collect sufficient customer information necessary for assessing risks. Additionally, Square processed thousands of transactions involving countries subject to economic sanctions, such as Cuba, Iran, Russia, and Venezuela. The documents provided to prosecutors identified numerous “small-dollar transactions” with entities in these sanctioned countries, some as recent as last year. The former employee emphasized that Block leadership and the board were aware of these compliance lapses.</p>

Block, Led by Jack Dorsey, Under Federal Investigation for Alleged Bitcoin (BTC) Transactions Linked to Terrorist Activities

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