Brink’s Global Services USA (BGS USA) has reached a non-prosecution agreement with the US Department of Justice and a consent order with the Financial Crimes Enforcement Network, resolving investigations into cross-border currency shipments. The company agreed to pay a total of $42 million over three years to settle allegations of willful violation of anti-money laundering laws.
The settlement includes a $37 million civil money penalty imposed by FinCEN for failing to register as a money services business and develop an effective anti-money laundering program. BGS USA also failed to file suspicious activity reports, exposing the US financial system to a heightened risk of money laundering.
As part of the agreement, Brink’s admitted to illegally transporting money domestically and internationally. The company will forfeit $50 million to settle criminal allegations that it operated as an unlicensed money transmitting business.
Brink’s Global Services USA strengthened its global Ethics & Compliance program over the last several years and cooperated throughout the investigations. The company’s President and CEO, Mark Eubanks, acknowledged the need for continuous improvement and evolution of the compliance program to address changing risks.
Source: https://www.pymnts.com/aml/2025/brinks-settles-anti-money-laundering-charges-with-doj-and-fincen