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 ...

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

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

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

Block Inc., Cash App's parent company, will pay $40 million to settle with New York regulators due to anti-money laundering ...

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

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

The New York State Department of Financial Services (DFS) has fined Block, Inc. (NYSE:XYZ) $40 million for violations tied to ...

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