hington residents. The state alleged Block failed to maintain adequate anti-fraud controls. Block denied wrongdoing in court filings.

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In a statement provided through a spokesperson, Block said the multistate agreement  resolves a previously disclosed legacy matter that primarily relates to historical aspects of our business.  The company added that Cash App has since made significant investments in consumer protection, customer service and compliance.

 We share the commitment of the attorneys general to addressing industry challenges and continue to invest in operations and technology to promote a safe and healthy financial ecosystem,  the company said.

Big picture view:

The settlement includes every U.S. state except Hawaii, Missouri, South Carolina and Wyoming.

The backstory:

Last year, Block also agreed to pay up to $120 million, including $40 million to New York, to settle separate allegations from another coalition of states that Cash App failed to implement adequate anti-money laundering safeguards. Block denied wrongdoing in that case as well.