Brink's $37 Million Penalty for Bank Secrecy Act Violations
About this episode
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!
Get every episode summarized
Each time Compliance Officers Playbook publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Compliance Officers Playbook
EU AI Act Explained: Compliance Strategy, Risk Categories & Governance Tools for...
Compliance Officers Playbook
Vietnam’s Inclusion on the EU Non-Cooperative Tax Jurisdictions List
Compliance Officers Playbook
Global Corruption Perceptions and the Decline of Institutional Integrity
Compliance Officers Playbook
FCA Enforcement: Influencers Fined for Unauthorised Financial Promotions
Compliance Officers Playbook