Block Will Pay $764 Million to Resolve AML Investigation

T2Covered by 1 source · first reported by PYMNTS at 05 Nov, 20:47 UTC

Block is reportedly paying $764 million to resolve a Justice Department investigation of its anti-money laundering controls. That’s according to a CoinDesk report on Thursday (Nov. 5), which noted that the agreement-in-principle settlement is larger than the $566 million profit Block—owner of…

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• T2Block Will Pay $764 Million to Resolve AML InvestigationPYMNTS05 Nov, 20:47