BSA failures lead to $42M fine for Brink's over unregistered cash shipments to Mexico
By 
Aaron Nicodemus2025-02-07T17:09:00
Armored car company Brink’s Global Services will pay $42 million in penalties to settle charges laid by federal regulators for violating anti-money laundering (AML) provisions of the Bank Secrecy Act (BSA).
The Department of Justice entered into a non-prosecution agreement (NPA) with Brink’s to settle allegations that it operated as an unlicensed money transmitting business for two years, the DOJ announced Thursday. The agency noted the deal is the first of its kind with an armored car company for failing to register with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
As part of a joint agreement, Brink’s will pay $20 million to the DOJ, and another $17 million to FinCEN, which announced its portion of the settlement Thursday.
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