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

Fintech firm Block has agreed to pay a $40m fine after New York’s Department of Financial Services (DFS) found “significant” ...

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

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

Block will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services ...

"This sends a message to Robinhood, Coinbase, Kraken, Gemini and all of the others that you better have your know-your-customer and anti-money laundering compliance on point," said John Deaton, the ...

Block (XYZ) will pay a $40M penalty for failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, the New York State Superintendent of Financial Services Adrienne A. Harris said on ...

Under Switzerland’s draconian banking secrecy law, even revealing that someone holds an account at a Swiss bank can lead to ...

Large or repeated deposits can be reported to the IRS, as required by the Bank Secrecy Act. Unusual patterns may also be ...

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who ...

The correspondence shows how a Swiss private bank courted a roster of questionable clients linked to autocratic regimes and ...

The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team, retrenching its approach to crypto ...