Jack Dorsey's payments company Block has reached a preliminary agreement with the U.S. Department of Justice to resolve an anti-money laundering investigation, totaling approximately $964 million. The settlement involves a deferred prosecution agreement for three years regarding allegations that Block failed to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act.
Under the terms disclosed in a regulatory filing on Tuesday, the net payment will be about $764 million after accounting for previously accrued funds. Block had set aside $526 million by the end of June and increased this accrual to $764 million by the end of September. The agreement still requires final court approval to take effect.
Block to Pay $964M in DOJ Anti-Money Laundering Settlement
Avertissement : Le contenu proposé sur Phemex News est à titre informatif uniquement. Nous ne garantissons pas la qualité, l'exactitude ou l'exhaustivité des informations provenant d'articles tiers. Ce contenu ne constitue pas un conseil financier ou d'investissement. Nous vous recommandons vivement d'effectuer vos propres recherches et de consulter un conseiller financier qualifié avant toute décision d'investissement.
