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

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

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

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

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

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

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

A cash app settlement lawsuit could net some users a $2,500 check. A website called Cash App Security Settlement provides ...

It's Been 44 Months Since Block Stock Set Its All-Time High. Here's 1 Reason to Buy Today.

Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged ...