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Block reaches deferred prosecution agreement with US DOJ over anti-money laundering violations

Electronic Payments +3 · ·by G4L

XYZ Block Inc
$84.58 +2.82%
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  1. 1Block has reached an agreement in principle with the US Department of Justice for a deferred prosecution regarding anti-money laundering allegations.
  2. 2Block's total expected financial costs from this agreement are $964 million.
  3. 3Block's net payment is expected to be approximately $764 million after deductions from previous regulatory settlements.

So what's the key point?

Block has reached a settlement with the US Department of Justice over violations of anti-money laundering rules. The company is expected to pay approximately $764 million in costs due to this matter.

Source Electronic Payments +3 · View original ↗

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