plebiANON on Nostr: What if you just said no and spent $80MM in a fight to roll back all of this lunacy? ...

What if you just said no and spent $80MM in a fight to roll back all of this lunacy? Business owners need to start growing a spine, forming clubs and coalitions, and pooling resources to either challenge this stuff, or collectively just tell these agencies to pound sand and make them bring the lawsuits.

quoting note148t…hfly

Block Inc fined $80 million for insufficient money laundering controls

Block Inc will pay an $80 million fine to 48 state financial regulators for inadequate anti-money laundering protocols in Cash App.

As part of the settlement, Block Inc will hire an independent consultant to review and report on its Bank Secrecy Act and anti-money laundering program. Additionally, the company has agreed to implement corrective actions internally, as announced by the Conference of State Bank Supervisors.

https://www.reuters.com/technology/state-regulators-fine-block-inc-80-million-anti-money-laundering-violations-2025-01-15/