Block said in a November 3 filing that it had reached an agreement in principle with the US Department of Justice in October over an allegation that it failed to maintain an effective anti-money-laundering programme. The proposed resolution still requires a final agreement and court approval, and Block said it cannot guarantee final terms will be reached.
Block put the gross monetary amount at about $964 million and the expected net payment at about $764 million after credits for earlier regulatory resolutions. It said it had accrued the net amount as of September 30, 2026, but warned that losses could exceed that figure. Under the proposed arrangement, prosecutors would defer the charge for three years and seek its dismissal if Block fully complied with a final agreement.
