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

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

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

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

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

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., 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 ...

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