Federal regulators are probing whether Cash App leaves door open to money launderers, terrorists
Cash App, like all financial services platforms, is required to comply with regulations aimed at preventing illicit activities such as money laundering and terrorism financing. Any claims suggesting that Cash App is not fulfilling these obligations would be subject to investigation by federal regulators. These inquiries generally involve a thorough examination of the platform’s procedures and systems designed to detect and prevent such abuses.
As an app that facilitates money transfers, Cash App must comply with the Bank Secrecy Act and other U.S. laws and regulations that help to
