Block will pay $764 million to resolve a federal investigation into the company’s anti-money laundering program. Block said the agreement in principle it reached with the U.S. Department of Justice in October will resolve the matter through a deferred prosecution agreement. The DOJ will defer prosecution for three years; if Block meets the agreement’s conditions, the department will seek to dismiss the charges. Total penalties are expected to be about $964 million, reduced to approximately $764 million after credits for prior regulatory settlements. The arrangement remains subject to a final agreement and court approval.