FinCEN imposes $37m civil money penalty against Brink’s Global Services USA, for BSA violations over bulk cash shipments lacking effective AML controls

Brink’s failed to register as a money services business, lacked an effective AML program, and did not file suspicious activity reports. These violations enabled hundreds of millions in bulk currency to be transmitted across the Southwest Border for high-risk entities, including a Mexican currency exchanger involved in illicit activities. This is FinCEN’s first action against an armored car company, highlighting its commitment to protecting the U.S. financial system from money laundering.