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 ...

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 ...

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 Inc., parent of Square and Cash App, fined $40 million for anti-money laundering lapses by NY regulators. Learn how ...

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

Apps such as Cash App and Venmo make it easy for people to transmit money. The New York regulator said Block's alleged shortfalls included inadequate customer due diligence, and inadequate risk ...

Cash App on a mobile phone. New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular money transmission service ...