Brink's $37 Million Penalty for Bank Secrecy Act Violations

The Financial Crimes Enforcement Network (FinCEN) has fined Brink's Global Services USA £29.2 million for wilful violations of the Bank Secrecy Act (BSA). Brink's failed to implement adequate anti-money laundering (AML) controls, allowing substantial currency shipments across the Southwest Border on behalf of risky organisations. Specifically, Brink's did not register as a money services business, establish an effective AML program, or report suspicious activity. This negligence exposed the U.S. financial system to a greater risk of money laundering. In addition to the fine, Brink's will undergo an AML program review as a result of its actions. This marks FinCEN’s inaugural enforcement action against an armoured car firm. Love our content? Unlock exclusive episodes and dive deeper with us! Become a paid subscriber today and get full access to all premium episodes—packed with insights, stories, and value you won’t find anywhere else. Support the show and elevate your experience. Subscribe now!

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