diff --git a/config.m4 b/config.m4
index 4041edc09..8e77673a0 100644
--- a/config.m4
+++ b/config.m4
@@ -299,7 +299,7 @@ if test "$PHP_MONGODB" != "no"; then
     ])
 
     if test "$PHP_MONGODB_CLIENT_SIDE_ENCRYPTION" != "no"; then
-      PKG_CHECK_MODULES([PHP_MONGODB_MONGOCRYPT], [libmongocrypt >= 1.11.0], [
+      PKG_CHECK_MODULES([PHP_MONGODB_MONGOCRYPT], [libmongocrypt >= 1.12.0], [
         PHP_MONGODB_MONGOCRYPT_VERSION=`$PKG_CONFIG libmongocrypt --modversion`
         PHP_MONGODB_MONGOCRYPT_VERSION_STRING="System ($PHP_MONGODB_MONGOCRYPT_VERSION)"
 
@@ -307,7 +307,7 @@ if test "$PHP_MONGODB" != "no"; then
         PHP_EVAL_LIBLINE($PHP_MONGODB_MONGOCRYPT_LIBS, MONGODB_SHARED_LIBADD)
         AC_DEFINE(HAVE_SYSTEM_LIBMONGOCRYPT, 1, [Use system libmongocrypt])
       ],[
-        AC_MSG_ERROR(Could not find system library for libmongocrypt >= 1.11.0)
+        AC_MSG_ERROR(Could not find system library for libmongocrypt >= 1.12.0)
       ])
     fi
   fi
@@ -463,7 +463,7 @@ if test "$PHP_MONGODB" != "no"; then
       AC_SUBST(MONGOCRYPT_ENABLE_TRACE, 1)
 
       dnl Sources below are updated by scripts/update-submodule-sources.php
-      PHP_MONGODB_MONGOCRYPT_SOURCES="mc-array.c mc-efc.c mc-fle2-encryption-placeholder.c mc-fle2-find-equality-payload.c mc-fle2-find-equality-payload-v2.c mc-fle2-find-range-payload.c mc-fle2-find-range-payload-v2.c mc-fle2-insert-update-payload.c mc-fle2-insert-update-payload-v2.c mc-fle2-payload-iev.c mc-fle2-payload-iev-v2.c mc-fle2-payload-uev.c mc-fle2-payload-uev-common.c mc-fle2-payload-uev-v2.c mc-fle2-rfds.c mc-range-edge-generation.c mc-range-encoding.c mc-range-mincover.c mc-rangeopts.c mc-reader.c mc-tokens.c mc-writer.c mongocrypt-binary.c mongocrypt-buffer.c mongocrypt.c mongocrypt-cache.c mongocrypt-cache-collinfo.c mongocrypt-cache-key.c mongocrypt-cache-oauth.c mongocrypt-ciphertext.c mongocrypt-crypto.c mongocrypt-ctx.c mongocrypt-ctx-datakey.c mongocrypt-ctx-decrypt.c mongocrypt-ctx-encrypt.c mongocrypt-ctx-rewrap-many-datakey.c mongocrypt-endpoint.c mongocrypt-kek.c mongocrypt-key-broker.c mongocrypt-key.c mongocrypt-kms-ctx.c mongocrypt-log.c mongocrypt-marking.c mongocrypt-opts.c mongocrypt-status.c mongocrypt-traverse-util.c mongocrypt-util.c"
+      PHP_MONGODB_MONGOCRYPT_SOURCES="mc-array.c mc-efc.c mc-fle2-encryption-placeholder.c mc-fle2-find-equality-payload.c mc-fle2-find-equality-payload-v2.c mc-fle2-find-range-payload.c mc-fle2-find-range-payload-v2.c mc-fle2-insert-update-payload.c mc-fle2-insert-update-payload-v2.c mc-fle2-payload-iev.c mc-fle2-payload-iev-v2.c mc-fle2-payload-uev.c mc-fle2-payload-uev-common.c mc-fle2-payload-uev-v2.c mc-fle2-rfds.c mc-fle2-tag-and-encrypted-metadata-block.c mc-range-edge-generation.c mc-range-encoding.c mc-range-mincover.c mc-rangeopts.c mc-reader.c mc-tokens.c mc-writer.c mongocrypt-binary.c mongocrypt-buffer.c mongocrypt.c mongocrypt-cache.c mongocrypt-cache-collinfo.c mongocrypt-cache-key.c mongocrypt-cache-oauth.c mongocrypt-ciphertext.c mongocrypt-crypto.c mongocrypt-ctx.c mongocrypt-ctx-datakey.c mongocrypt-ctx-decrypt.c mongocrypt-ctx-encrypt.c mongocrypt-ctx-rewrap-many-datakey.c mongocrypt-endpoint.c mongocrypt-kek.c mongocrypt-key-broker.c mongocrypt-key.c mongocrypt-kms-ctx.c mongocrypt-log.c mongocrypt-marking.c mongocrypt-opts.c mongocrypt-status.c mongocrypt-traverse-util.c mongocrypt-util.c"
       PHP_MONGODB_MONGOCRYPT_CRYPTO_SOURCES="cng.c commoncrypto.c libcrypto.c none.c"
       PHP_MONGODB_MONGOCRYPT_OS_POSIX_SOURCES="os_dll.c os_mutex.c"
       PHP_MONGODB_MONGOCRYPT_OS_WIN_SOURCES="os_dll.c os_mutex.c"
diff --git a/config.w32 b/config.w32
index bb45d134c..f83c4127b 100644
--- a/config.w32
+++ b/config.w32
@@ -279,7 +279,7 @@ if (PHP_MONGODB != "no") {
     };
 
     // Sources below are updated by scripts/update-submodule-sources.php
-    var PHP_MONGODB_MONGOCRYPT_SOURCES="mc-array.c mc-efc.c mc-fle2-encryption-placeholder.c mc-fle2-find-equality-payload.c mc-fle2-find-equality-payload-v2.c mc-fle2-find-range-payload.c mc-fle2-find-range-payload-v2.c mc-fle2-insert-update-payload.c mc-fle2-insert-update-payload-v2.c mc-fle2-payload-iev.c mc-fle2-payload-iev-v2.c mc-fle2-payload-uev.c mc-fle2-payload-uev-common.c mc-fle2-payload-uev-v2.c mc-fle2-rfds.c mc-range-edge-generation.c mc-range-encoding.c mc-range-mincover.c mc-rangeopts.c mc-reader.c mc-tokens.c mc-writer.c mongocrypt-binary.c mongocrypt-buffer.c mongocrypt.c mongocrypt-cache.c mongocrypt-cache-collinfo.c mongocrypt-cache-key.c mongocrypt-cache-oauth.c mongocrypt-ciphertext.c mongocrypt-crypto.c mongocrypt-ctx.c mongocrypt-ctx-datakey.c mongocrypt-ctx-decrypt.c mongocrypt-ctx-encrypt.c mongocrypt-ctx-rewrap-many-datakey.c mongocrypt-endpoint.c mongocrypt-kek.c mongocrypt-key-broker.c mongocrypt-key.c mongocrypt-kms-ctx.c mongocrypt-log.c mongocrypt-marking.c mongocrypt-opts.c mongocrypt-status.c mongocrypt-traverse-util.c mongocrypt-util.c";
+    var PHP_MONGODB_MONGOCRYPT_SOURCES="mc-array.c mc-efc.c mc-fle2-encryption-placeholder.c mc-fle2-find-equality-payload.c mc-fle2-find-equality-payload-v2.c mc-fle2-find-range-payload.c mc-fle2-find-range-payload-v2.c mc-fle2-insert-update-payload.c mc-fle2-insert-update-payload-v2.c mc-fle2-payload-iev.c mc-fle2-payload-iev-v2.c mc-fle2-payload-uev.c mc-fle2-payload-uev-common.c mc-fle2-payload-uev-v2.c mc-fle2-rfds.c mc-fle2-tag-and-encrypted-metadata-block.c mc-range-edge-generation.c mc-range-encoding.c mc-range-mincover.c mc-rangeopts.c mc-reader.c mc-tokens.c mc-writer.c mongocrypt-binary.c mongocrypt-buffer.c mongocrypt.c mongocrypt-cache.c mongocrypt-cache-collinfo.c mongocrypt-cache-key.c mongocrypt-cache-oauth.c mongocrypt-ciphertext.c mongocrypt-crypto.c mongocrypt-ctx.c mongocrypt-ctx-datakey.c mongocrypt-ctx-decrypt.c mongocrypt-ctx-encrypt.c mongocrypt-ctx-rewrap-many-datakey.c mongocrypt-endpoint.c mongocrypt-kek.c mongocrypt-key-broker.c mongocrypt-key.c mongocrypt-kms-ctx.c mongocrypt-log.c mongocrypt-marking.c mongocrypt-opts.c mongocrypt-status.c mongocrypt-traverse-util.c mongocrypt-util.c";
     var PHP_MONGODB_MONGOCRYPT_CRYPTO_SOURCES="cng.c commoncrypto.c libcrypto.c none.c";
     var PHP_MONGODB_MONGOCRYPT_OS_POSIX_SOURCES="os_dll.c os_mutex.c";
     var PHP_MONGODB_MONGOCRYPT_OS_WIN_SOURCES="os_dll.c os_mutex.c";
diff --git a/sbom.json b/sbom.json
index 11c0e862b..6be25fdae 100644
--- a/sbom.json
+++ b/sbom.json
@@ -1,22 +1,22 @@
 {
   "components": [
     {
-      "bom-ref": "pkg:github/mongodb/libmongocrypt@1.11.0",
+      "bom-ref": "pkg:github/mongodb/libmongocrypt@1.12.0",
       "externalReferences": [
         {
           "type": "distribution",
-          "url": "https://github.com/mongodb/libmongocrypt/archive/refs/tags/1.11.0.tar.gz"
+          "url": "https://github.com/mongodb/libmongocrypt/archive/refs/tags/1.12.0.tar.gz"
         },
         {
           "type": "website",
-          "url": "https://github.com/mongodb/libmongocrypt/tree/1.11.0"
+          "url": "https://github.com/mongodb/libmongocrypt/tree/1.12.0"
         }
       ],
       "group": "mongodb",
       "name": "libmongocrypt",
-      "purl": "pkg:github/mongodb/libmongocrypt@1.11.0",
+      "purl": "pkg:github/mongodb/libmongocrypt@1.12.0",
       "type": "library",
-      "version": "1.11.0"
+      "version": "1.12.0"
     },
     {
       "bom-ref": "pkg:github/mongodb/mongo-c-driver@1.28.1",
@@ -39,14 +39,14 @@
   ],
   "dependencies": [
     {
-      "ref": "pkg:github/mongodb/libmongocrypt@1.11.0"
+      "ref": "pkg:github/mongodb/libmongocrypt@1.12.0"
     },
     {
       "ref": "pkg:github/mongodb/mongo-c-driver@1.28.1"
     }
   ],
   "metadata": {
-    "timestamp": "2024-10-16T08:27:04.343416+00:00",
+    "timestamp": "2024-11-12T17:58:27.805097+00:00",
     "tools": [
       {
         "externalReferences": [
@@ -90,8 +90,9 @@
     ]
   },
   "serialNumber": "urn:uuid:acb30d08-ee47-4ff0-b301-d66ef1f54082",
-  "version": 5,
+  "version": 6,
   "$schema": "http://cyclonedx.org/schema/bom-1.5.schema.json",
   "bomFormat": "CycloneDX",
-  "specVersion": "1.5"
+  "specVersion": "1.5",
+  "vulnerabilities": []
 }
diff --git a/src/LIBMONGOCRYPT_VERSION_CURRENT b/src/LIBMONGOCRYPT_VERSION_CURRENT
index 1cac385c6..0eed1a29e 100644
--- a/src/LIBMONGOCRYPT_VERSION_CURRENT
+++ b/src/LIBMONGOCRYPT_VERSION_CURRENT
@@ -1 +1 @@
-1.11.0
+1.12.0
diff --git a/src/libmongocrypt b/src/libmongocrypt
index 9a88ac569..085a0ce65 160000
--- a/src/libmongocrypt
+++ b/src/libmongocrypt
@@ -1 +1 @@
-Subproject commit 9a88ac5698e8e3ffcd6580b98c247f0126f26c40
+Subproject commit 085a0ce6538a28179da6bfd2927aea106924443a