Block agreed to pay $40 million to the NYDFS for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform.

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

Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its ...

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

Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App ... advocate Jack Dorsey in 2009, had ...

The latest among them is Block, the financial service conglomerate owned by Twitter cofounder Jack Dorsey. Block encompasses massive fintech platforms like Cash App and Square, as well as more ...

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, the fintech firm founded by Jack Dorsey, is set to lay off 1,000 employees as part of a major restructuring. The cuts span "strategy," "performance," and management roles. Dorsey emphasised the ...

Jack Dorsey’s Block introduced an artificial intelligence (AI) agent dubbed Codename Goose on Tuesday. The parent company of mobile payments system Cash App, point-of-sale service Square ...

Fintech company Block, Inc. (NYSE:XYZ), announced major changes to its self-custody Bitcoin (CRYPTO: BTC) wallet Tuesday, ...