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Block reaches agreement in principle with US DOJ over payment
Block has agreed in principle with the US Justice Department on a proposed deferred prosecution, with an expected net payment near $764 million.
Quick take
- Block has struck an in-principle deal with US Justice Department prosecutors, according to its latest filing.
- The expected net payment is about $764 million after credits tied to earlier regulatory resolutions.
- Final terms still need a formal agreement and court approval, and the company cannot guarantee them.
NewsBTC reported that the company disclosed the in-principle agreement with the Justice Department in its quarterly Form 10-Q, dated November 3. The company disputes an allegation concerning its anti-money-laundering program, and the filing treats the dispute as part of the same matter.
The gross monetary component is about $964 million, according to the company. After credits, the company expects a net payment of roughly $764 million. The company said those credits are tied to earlier regulatory resolutions, and the accrued amount reflects figures as of September 30, 2026.
Under the proposed deferred prosecution agreement, the charge would be deferred for three years and then dismissed if the company maintains full compliance over that term. Final terms require a formal agreement and approval from a judge. The company said it cannot guarantee the final terms and that its losses could exceed the amount it has accrued.
Separately, the filing says a Securities and Exchange Commission probe closed in March 2026, with staff making no enforcement recommendation.
Sources
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