WASHINGTON, Jan 15 (Reuters) - Block, Inc ( SQ ) has

agreed to pay a fine of $80 million to a group of 48 state

financial regulators for violations of anti-money laundering

laws through its mobile payment service, Cash App.

The multi-statement settlement would also see the fintech

firm bring in an independent consultant to review its Bank

Secrecy Act and anti-money laundering program, and report back

to the states on any deficiencies. The company has also agreed

to take corrective actions internally, according to the

Conference of State Bank Supervisors, which announced the

settlement.