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 Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report ...

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

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 ...

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

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 ...

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

New York regulators said violations were linked to Cash App, Block's money transfer ... risk-based controls designed to prevent money laundering and illicit activity. It also failed to effectively ...