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., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report ...

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.

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

Tax Day is Tuesday, but some people have been wringing their hands over the deadline because they've received a tax form in ...

Block Inc., Cash App's parent company ... its platforms for suspected money laundering and other illicit criminal activity,” the order read. The order further stated: “As the department ...

Block, the company behind the popular mobile payment service Cash App, has been hit with a $40 million fine. This penalty was ...

According to regulators, Block failed to vet customers properly, monitor transactions, or manage risk, especially regarding Bitcoin activity on the Cash App. They were especially critical about ...

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