U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors were discussing with a former employee alleged widespread compliance lapses at Square and Cash App, the company's two main units. Areas under investigation include whether the company failed to gather sufficient information on customers to assess risks, if Square processed transactions involving countries subject to economic sanctions and if Block handled cryptocurrency transactions for terrorist groups.
‘The takeaway — Barbra Streisand knows I exist?’ McCarthy jokes
The 2024 U.S. presidential election is making history on many levels. It pits a former president, Republican Donald Trump, against the current one, Democrat Joe Biden, in the country's first presidential election rematch in nearly 70 years. At 81, Biden, a Democrat, would be the oldest American to win a presidential election should he secure a second four-year term in November.