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

The New York Department of Financial Services announced Thursday that Block Inc. will pay $40 million to settle accusations that the company failed to properly manage its money-laundering safeguards.

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

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

Payments technology company Block agreed to pay a $40 million civil monetary fine Thursday as part of an agreement to resolve claims brought by the New York State Department of Financial Services ...

Block (XYZ) will pay a $40M penalty for failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, the New York State Superintendent of Financial Services Adrienne A. Harris said on ...

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

The digital payments company co-founded by Jack Dorsey has reached a settlement with the New York financial regulator amid ...

Block Inc., the digital payments ... an agreement with the final remaining state money transmission regulator, New York Department of Financial Services, to resolve the matter principally related ...

Announcing the fine on Thursday, New York's Department of Financial Services ... Square. Block agreed in January to pay an $80 million civil fine to settle similar charges by 48 U.S. state ...

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