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 ...

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 ...

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 ...

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 ...