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

Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

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

Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance ...

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

Block, the fintech company behind Cash App, has been dealt with a $40 million penalty over lapses in Cash App’s anti-money ...

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

Despite compliance issues, Block's 2024 earnings surged, as Bitcoin and digital payments remain resilient under growing ...

Created by Jack Dorsey and Jim McKelvey, and now owned by Block Inc, Cash App is known for its ”Send, Spend, Bank, Invest” motto. While peer-to-peer banking is not new in Canada, Cash App’s ...

Block Inc. agrees to $40M settlement over Cash App compliance lapses, addressing AML, cybersecurity, and consumer protection ...

Block fined for US$40M over Cash App’s AML violations, agrees to settle. The civil penalty will paid to the New York Department of Financial Services (NYDFS). T ...