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

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

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

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

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

This complaint was first surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and ...

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

In 2018, the firm was allowed to conduct virtual currency business through Cash App. An investigation by the Department revealed “critical gaps” in Block’s Bank Secrecy Act (BSA)/AML programme.

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 ...