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Weekly Roundup: Republicans Target Beneficial Ownership Law, CashApp Founder Penalized, and More

Republican lawmakers are pushing legislation that would repeal the Corporate Transparency Act and thereby block the Treasury Department from collecting beneficial ownership information, The Wall Street Journal reported. More The U.S. Conference of State Bank Supervisors fined Block, developer of the mobile payment platform CashApp, $80 million for breaching anti-money laundering regulations and other requirements, Reuters reported. More Prosecutors in New York fined cryptocurrency platform BitMEX $100 million for allegedly permitting illicit transactions by failing to implement adequate AML and know-your-customer procedures, Reuters reported. More Felix Sater, a Russian businessman and former associate of President-elect Donald Trump, has been granted...

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