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

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

You might be eligible to receive part of a $15 million settlement connected to Cash App. The app’s parent company ... by account freezes or illicit transactions, such as account statements, had to be ...

Although Block Inc and Cash App denied any wrongdoing, they settled a class action lawsuit agreeing to pay $15 million in damages. The companies were accused of negligence and breaching security ...

Block Inc., Cash App's parent company, will pay $40 million to settle with New York regulators due to anti-money laundering compliance failures. The regulator found deficiencies in Block's ...

but a Cash App spokesperson released this statement: "Cash App works to protect consumers against the risk of identity theft through a combination of preventative controls, dynamic detection ...