Block reaches three-year deferred prosecution agreement with DOJ over money laundering charge
Photo: Crypto Briefing
The Cash App and Square parent gets a three-year window to show federal prosecutors its anti-money laundering program is fixed Block, the company behind Cash App and Square, has reached an agreement with the US Department of Justice to defer a money laundering charge for three years. That is not an acquittal. It is closer to probation for a corporation, and the clock is now running. The deal is a deferred prosecution agreement, or DPA, tied to Block’s anti-money laundering (AML) compliance.
Source: Crypto Briefing
