Block Just Agreed to Pay $764 Million to the DOJ, More than an Entire Quarter of Earnings...

2 days ago 8

Rommie Analytics

Block agrees to pay $764 million DOJ settlement

Jack Dorsey's Block has agreed in principle to pay $764 million to settle a Justice Department investigation into anti-money-laundering controls at Cash App, and the number is worth sitting with for a second. The deal, reached in October and disclosed in the company's quarterly filing on November...

Read Entire Article