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Block Lifts Profit Outlook on Cash App Strength, Reaches Preliminary DOJ Settlement
Summary by Channel News Asia
4 Articles
4 Articles
Block lifts profit outlook on Cash App strength, reaches preliminary DOJ settlement
Nov 3 : Block on Tuesday raised its full-year gross profit outlook after strength in its Cash App unit lifted the firm's quarterly earnings, while also reaching a preliminary settlement with the US Department of Justice over its anti-money laundering program.Shares of the Jack Dorsey-led company rose 7 per ce
·Singapore, Singapore
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Block agreed with the U.S. Department of Justice to postpone the pursuit of a money laundering charge for three years, while facing regulatory pressure over Cash App controls and its operations with Bitcoin.
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Cryptocurrency News | Cryptocurrency Prices | Market CapBlock reaches three-year deferred prosecution agreement with DOJ over money laundering charge
Block reaches a three-year deferred prosecution agreement with the DOJ over a money laundering charge tied to Cash App's AML compliance failures.
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Total News Sources4
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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