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

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

Block Inc. has reached a $40 million settlement with the New York Department of Financial Services over alleged inadequacies ...

An investigation by the Department revealed “critical gaps” in Block’s Bank Secrecy Act (BSA)/AML programme. These included inadequate procedures for customer due diligence, a lack of ...

New York Superintendent of Financial Services, Adrienne A. Harris, announced on Thursday that Block (XYZ) will pay a $40M penalty for ...

Block will pay a $40 million penalty to New York regulators for "significant failures" in anti-money laundering programme and ...

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

Block was fined by the New York Department of Financial Services (NYDFS) following an investigation into Cash App’s Anti-Money Laundering (AML) and cryptocurrency compliance operations ...

Block, the parent company of popular digital payment platform Cash App, has been slapped with a $40 million penalty by the New York Department of Financial Services (NYDFS) for violating anti-money ...

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