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Block to Pay $40 Million in Settlement with New York Finance Regulator Over Anti-Money-Laundering Programs

Block will pay a $40 million settlement with the New York State Department of Financial Services, which alleged the fintech company failed to maintain effective anti-money-laundering programs. The ...
Seeking Alpha

Block to pay $40M to New York state over Cash App anti-money laundering failures

Block (NYSE: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 ...
Business Insider

Block to pay $80M for violating Bank Secrecy Act, anti-money laundering laws

In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for violations of the Bank Secrecy Act and anti-money laundering laws ...
Crain's New York

New York to get $40 million in Cash App settlement

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 ...
AOL

Block agrees to pay up to $120 million in refunds to resolve Cash App fraud

On Thursday, the Consumer Financial Protection Bureau announced a massive $175 million settlement with Block, the publicly traded financial conglomerate led by Jack Dorsey. The government agency ...
Bloomberg L.P.

Jack Dorsey’s Block to Pay New York $40 Million in Cash App Settlement

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 ...