Block faces proposed $764 million DOJ settlement over AML inquiry
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
Block is facing a proposed $764 million agreement to resolve a federal anti-money-laundering investigation, according to CoinDesk.
Jack Dorsey's payments firm Block is facing a proposed $764 million settlement to resolve a federal anti-money-laundering investigation, according to CoinDesk. The deal to address the AML inquiry is currently in the proposed stage. CoinDesk reported the potential resolution alongside a 50% drop in the company's bitcoin profit.
Key facts
- Block
- $764 million settlement
- DOJ AML inquiry
- Proposed agreement