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 will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services ...

Block Inc., Cash App's parent company, will pay $40 million to settle with New York regulators due to anti-money laundering ...

Block Inc. paid $40 million to settle Cash App crypto compliance failures as it pushes to become a full-service bank.

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

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

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

Block Inc. has agreed to a $40 million settlement with the NYDFS following allegations of compliance failures tied to its ...

New York regulators said violations were linked to Cash App, Block's money transfer app. Cash is a major part of both the consumer and merchant-facing side of Block's business, serving as a portal ...

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

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 ...