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

Block will pay a $40 million fine to settle accusations the payments company had significant failures in its anti-money laundering compliance program and virtual currency compliance failures on its ...

The upheaval at the Consumer Financial Protection Bureau has many advocates concerned about financial abuse and fraud.

Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged ...

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 ...

The agency said its investigation additionally found its lax practices allowed for largely anonymous and high-risk bitcoin ...

The charges relate to alleged failures in money transmitting safeguards in Block's peer-to-peer service Cash App.