The Oregon Division of Financial Regulation (DFR) and 47 state financial regulatory agencies have taken coordinated action against Block Inc., for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use. More than 50 million consumers in the U.S. use CashApp, Blocks mobile payment service, to spend, send, store, and invest money. In the multistate settlement signed this week, Block agreed to pay an $80 million penalty to the state agencies, hire an independent consultant to review the comprehensiveness and effectiveness of its BSA/AML program, and submit a report…..