Company Directory - Block Inc.
Company Details - Block Inc.
Block Inc.
WebsiteBlock Inc. is a technology company and the parent of Cash App, specializing in financial services and payment solutions. The company offers a range of services including payment processing, money transmission, and mobile banking aimed at transforming the financial sector through innovative technology.
CCI Score
CCI Score: Block Inc.
-50.60
0.02%
Latest Event
Block Inc. Fined $40M for Compliance Failures
Block Inc., the parent company of Cash App, reached a $40 million settlement with New York regulators over serious deficiencies in its anti-money laundering and transaction monitoring systems, which created vulnerabilities to exploitation by criminal actors and potentially terrorism-linked transactions.
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QUISLING
Block Inc. is currently rated as a Quisling.
Latest Events
- APR112025
Block Inc., the parent company of Cash App, reached a $40 million settlement with New York regulators over serious deficiencies in its anti-money laundering and transaction monitoring systems, which created vulnerabilities to exploitation by criminal actors and potentially terrorism-linked transactions.
- APR102025
Block Inc. has agreed to pay a $40 million penalty and install an independent monitor following significant failures in its Bank Secrecy Act and anti‐money laundering compliance program, as announced by Superintendent Adrienne A. Harris. The settlement addresses shortcomings including inadequate customer due diligence and ineffective monitoring of high-risk virtual currency transactions.
-50
Business Practices and Ethical Responsibility
April 10
The settlement and penalty imposed on Block Inc. highlight substantial deficiencies in its compliance program, which failed to implement necessary risk-based controls and adequate due diligence. From an anti-fascist perspective, holding corporations accountable for such regulatory oversights is essential to protecting democratic financial systems and preventing potential exploitation through illicit financial flows. The enforcement action demonstrates the state's commitment to corporate accountability, even though the company’s practices were dangerously lax.
- JAN152025
Block Inc. has been fined $80 million by 48 state financial regulators for violations of the Bank Secrecy Act and anti-money laundering laws, and the company is required to implement corrective measures including an independent review of its BSA/AML program.
-40
Business Practices and Ethical Responsibility
April 10
The enforcement action highlights significant deficiencies in Block Inc.'s internal controls and compliance regarding AML regulations. Failure to properly adhere to the Bank Secrecy Act and anti‑money laundering laws not only breaches legal and ethical standards but also increases the risk of facilitating illicit financial activities that can indirectly support authoritarian enterprises. This negative score reflects the poor business practices that compromise financial integrity and public accountability.
State Regulators Issue $80 Million Penalty to Block, Inc., Cash App for BSA/AML Violations
- JAN152025
Block Inc. agreed to pay an $80 million penalty as part of a multistate enforcement action for violations of Bank Secrecy Act and anti-money laundering laws. The settlement requires the company to hire an independent consultant to review its AML program and implement corrective measures, following the findings that its internal controls were insufficient to prevent illicit activities.
-70
Business Practices and Ethical Responsibility
April 10
Block Inc.'s failure to comply with critical AML and BSA regulations resulting in an $80 million penalty exposes serious deficiencies in its business practices. This negligence not only risks facilitating illicit financial activities but also undermines regulatory safeguards essential for protecting the public financial system.
California Joins $80 Million Enforcement Action Against Block, Inc., Cash App for BSA/AML Violations
- JAN152025
Block Inc. agreed to pay an $80 million fine and implement corrective measures, including hiring an independent consultant to review and update its AML program, following a coordinated enforcement action by 48 state financial regulators for alleged violations of the Bank Secrecy Act and AML laws.
-30
Business Practices and Ethical Responsibility
April 10
The settlement highlights a failure in maintaining ethical business practices. Block Inc.'s violation of AML regulations and the subsequent enforcement action by state regulators indicate serious shortcomings in its compliance and risk management strategies. While the company has agreed to corrective measures, the incident reflects poorly on its commitment to ethical financial practices, an area crucial to safeguarding marginalized consumers and promoting accountability in financial services.
Block to Pay $80 Million to Settle AML Violation Allegations
- JAN152025
Block Inc. agreed to pay $255 million in penalties and compensation to federal and state regulators due to deficiencies in its Cash App oversight, including weak security protocols, incomplete fraud investigations, and misleading consumer practices.
-70
Business Practices and Ethical Responsibility
April 10
Block’s business practices failed its consumers by employing weak security protocols and misleading individuals about resolution processes, resulting in significant financial penalties and compensation payouts. This demonstrates a disregard for ethical responsibility in financial services.
-60
Technology and Services Impact
April 10
The incident exposed significant flaws in Block's technological infrastructure, as inadequate security measures allowed fraud to proliferate on Cash App. This failure undermines user trust and highlights a critical gap in the company’s service reliability.
- MAY012024
US federal prosecutors are investigating Block Inc following whistleblower allegations that its payment platforms, Square and Cash App, processed transactions involving entities in countries under US sanctions and potential terrorist groups, while failing to correct known compliance flaws.
-60
Business Practices and Ethical Responsibility
April 10
Block Inc. is under investigation for widespread compliance failures, including processing transactions for users in sanctioned countries and potentially for terrorist groups. The company's failure to address these issues, despite being aware of compliance breaches, undermines ethical business practices and regulatory standards, indirectly contributing to conditions that can enable authoritarian or extremist activities.
US probes Jack Dorsey's Block Inc over financial transactions: Report
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New York, USA
-42.90
Corporation
59.54
Corporation
32.77
Corporation
30.00
Corporate Financials
- Revenue
- 2025
- $4.60B
- Total Assets
- 2025
- $25.00B
- Operating Income
- 2025
- $900.00M
- Total Equity
- 2025
- $7.00B
Employees: 7,300
Industries
- 518210
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
- 522320
- Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services