Brink’s Global Services USA Reaches Resolutions with DOJ and FinCEN

Core Viewpoint - Brink's Company has reached agreements with the U.S. Department of Justice and FinCEN to resolve investigations related to historical cross-border currency shipments and compliance with federal money-transmitting laws [1][2]. Group 1: Agreements and Financial Implications - Brink's Global Services USA has entered into a Non-Prosecution Agreement with the DOJ and a Consent Order with FinCEN, agreeing to pay a total of $42 million over three years [2]. - The settlement amounts will be treated as special items and excluded from non-GAAP results, not impacting the 2024 financial guidance previously provided [4]. Group 2: Compliance and Operational Enhancements - Brink's has strengthened its global Ethics & Compliance program, expanding the team and enhancing training programs to better protect customers and improve services [3]. - The company conducted a thorough internal review upon learning of the DOJ investigation in 2020, leading to further enhancements acknowledged by the DOJ in the agreement [3]. Group 3: Company Overview - The Brink's Company is a leading global provider of cash and valuables management, serving customers in over 100 countries through operations in 52 countries [5].