Block Faces $964 Million DOJ Resolution Over Anti-Money Laundering Practices

MT newswire2026/11/03 23:20

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07:20 PM EST, 11/03/2026 (MT Newswires) -- Block (XYZ) reached an agreement in principle with the Department of Justice to resolve an inquiry into its anti-money laundering practices, involving a gross monetary component of approximately $964 million, the company said in a regulatory filing Tuesday. The proposed deferred prosecution agreement would defer a charge that Block failed to maintain an effective anti-money laundering program for three years. The net monetary payment is expected to be approximately $764 million after credits for prior regulatory resolutions. The agreement remains subject to a final resolution and court approval. Block has accrued $764 million for the matter as of Sept. 30.

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