Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

New York state’s top financial regulator struck a $40 million settlement with Block Inc., the parent of Cash App, over ...

Block, the fintech company behind Cash App, has been dealt with a $40 million penalty over lapses in Cash App’s anti-money ...

The agency said its investigation additionally found its lax practices allowed for largely anonymous and high-risk bitcoin ...

Block, the parent company of popular digital payment platform Cash App, has been slapped with a $40 million penalty by the New York Department of Financial Services (NYDFS) for violating anti-money ...

Block Inc., parent of Square and Cash App, fined $40 million for anti-money laundering lapses by NY regulators. Learn how ...

Cash App last year delivered $5.24 billion in gross profit for Block, representing by far its most profitable product. By the ...

Regulators said the payment company did not provide sufficient customer identification and monitoring, increasing risk for ...

Block Inc., Cash App's parent company, will pay $40 million to settle with New York regulators due to anti-money laundering compliance failures. The regulator found deficiencies in Block's ...

Block agreed to pay $40 million to the NYDFS for alleged anti-money-laundering inadequacies and cryptocurrency compliance ...

The payments and blockchain firm has agreed to an outside monitor as it resolves its compliance with New York regulations.

New York state’s top financial regulator struck a $40 million settlement with Block Inc., the parent of Cash App, over ...