Block Agrees to $764 Million DOJ Settlement Over Anti-Money-Laundering Controls
Jack Dorsey's payments firm Block has agreed in principle to pay $764 million to resolve a US Justice Department investigation into its AML programme.
AfroEuropa Newsroom
AfroEuropa desk
Block, the payments company led by Jack Dorsey, has agreed in principle to pay $764 million to settle a US Department of Justice investigation into its anti-money-laundering (AML) controls, according to reporting by BitKE and CoinDesk.
The proposed settlement, disclosed in a securities filing dated November 3, 2026, would defer for three years a criminal charge alleging that Block failed to maintain an effective anti-money-laundering programme in breach of the Bank Secrecy Act, BitKE reported. The agreement carries a gross monetary component of about $964 million, reduced to $764 million after credits for earlier regulatory settlements. Block has already set aside the sum, though the final agreement still requires court approval.
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