Block Discloses Proposed $764M DOJ Payment in Anti-Money-Laundering Resolution
Block says it reached an agreement in principle with the US Department of Justice over an alleged failure to maintain an effective anti-money-laundering programme. The proposed deferred prosecution agreement includes about $964 million in gross monetary terms, reduced by credits to an expected net payment of roughly $764 million. Block accrued that amount as of September 30, 2026. Prosecutors would defer the charge for three years and seek dismissal if Block meets the agreement’s obligations. The resolution is not final and requires a completed agreement and court approval; Block says the final terms are uncertain and losses could be higher. A separate SEC investigation ended without an enforcement recommendation. The case concerns Block’s broader payments business, including Cash App, which offers bitcoin alongside other financial services.
