regulatory
confidence high
sentiment neutral
materiality 0.65
Brink's subsidiary resolves investigations with DOJ and FinCEN, pays $42M
BRINKS CO
- BGS USA reached Non-Prosecution Agreement with DOJ and Consent Order with FinCEN; to pay $42M over three years.
- Resolutions cover cross-border currency shipments from 2018-2020; not involving Federal Reserve or federally regulated banks.
- Brink's fully cooperated; DOJ acknowledged compliance enhancements including expanded team and training.
- Settlement treated as special items excluded from non-GAAP results; does not impact previously issued 2024 guidance.