Brink’s Global Services USA, Inc., a subsidiary of Brink’s, Inc. and The Brink’s Company, has agreed to forfeit over $50 million following criminal allegations related to operating as an unlicensed money transmitting business. This settlement marks the first resolution involving an armored car company based on admissions of failing to register appropriately.
The company admitted to violating the Bank Secrecy Act rules by not registering with the Financial Crimes Enforcement Network (FinCEN) and lacking anti-money laundering compliance programs. As part of a Non-Prosecution Agreement, Brink's Global Services USA (BGS) acknowledged illegal transportation of money both domestically and internationally without adhering to regulatory protections.
One instance involved BGS transporting more than $15 million across 12 transactions from San Diego to Florida without verifying the final beneficiaries. In another case, BGS imported over $35 million into the United States from Mexico on behalf of a Mexican money service business, which fell outside regulatory exemptions and constituted unlicensed money transmission.
First Assistant U.S. Attorney Andrew Haden commented on the investigation's significance: “This year’s long investigation detected—and now closes—a back door where cash covertly entered the global financial system.” He emphasized holding accountable those who evade U.S. law through currency transporters.
Shawn Gibson from Homeland Security Investigations noted: “This settlement serves as a testament to the unwavering dedication and collaboration of Homeland Security Investigations (HSI) and our law enforcement partners.”
Sidney Aki from Customs and Border Protection highlighted collaborative efforts in disrupting illegal operations: “Through these partnerships, we have successfully exposed and disrupted illicit activities that spanned across borders.”
In addition to this settlement, BGS resolved civil allegations with FinCEN regarding inadequate anti-money laundering programs. The case was led by Assistant U.S. Attorney E. Christopher Beeler with contributions from Carl F. Brooker and Michael A. Deshong.