Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Crypto, Tech, Technology, US

NEWS: Jack Dorsey’s Block looks to settle AML probes, warns losses could be ‘material’

BLOCK: File photo shows Jack Dorsey, the CEO and founder of Block

BY PAUL O’DONOGHUE, Senior Correspondent

Block, the U.S. financial services company founded and led by Jack Dorsey, has said it wants to settle an AML probe into the firm.

The company said an agreement with regulators could result in a “material” penalty, however it was not able to give an estimate on what such a loss could be.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!