Block Reaches Three-Year Deferred Prosecution Agreement with DOJ Over Money Laundering Charge
Key Highlights: Block has entered into a three-year deferred prosecution agreement (DPA) with federal prosecutors, placing the company under ongoing federal oversight to resolve charges tied to anti-money laundering (AML) failures at Cash App. The federal action follows roughly $120 million in combined state penalties and remediation commitments, including a $40 million New York Department ...