Regulatory Alerts2025-01-31 | 2025-01Added
Consent Order Imposing Civil Money Penalty on Brink’s Global Services USA, Inc.
FinCEN imposes a civil money penalty on Brink’s Global Services USA, Inc. for violating the Bank Secrecy Act by operating as an unregistered money services business from October 2018 through October 2020. The entity facilitated approximately $800 million in bulk currency transactions, including cross-border shipments involving Mexico, Spain, and the United States, while exceeding the common carrier of currency exemption. Brink’s consents to the order and agrees to pay the penalty and comply with the Undertaking and other provisions.
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