Block reaches 'agreement in principle' with US on anti-money laundering failures
( November 3, 2026, 22:14 GMT | Official Statement) -- MLex Summary: Block has reached an agreement in principle with the US Justice Department for the virtual payment firm to enter a deferred prosecution agreement alleging that the company failed to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act, according to a securities filing. The agreement is expected to involve a penalty of $964 million, with a $200 million credit toward prior regulatory resolutions, the filing said. The company set aside $764 million in accruals, it said.Excerpt....
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