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Cash App owner Block pays $40 million fine to New York over 'serious compliance deficiencies'

By NBC News   |   2 weeks ago
Cash App owner Block pays $40 million fine to New York over 'serious compliance deficiencies'

New York State's financial regulator fined Block Inc., parent company of Cash App, $40 million for anti-money laundering program deficiencies, including issues with cryptocurrency transactions. Block agreed to a settlement and will undergo monitoring to improve compliance.

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