State Regulators Order Sigue Corp. to Cease Money Transmission Activities

Tuesday March 26, 2024

Today, financial regulatory agencies from 39 states, Puerto Rico,
and the District of Columbia ordered Sigue Corp. to cease engaging in any further money
transmission activities as the company can no longer responsibly serve customers due to its
declining financial position.

Sigue is a state-regulated money transmission company that has held licenses in nearly all states
(NMLS ID 915912). Over the past several months, Sigue experienced significant financial
deterioration. The company failed to complete multiple money orders and transmissions and maintain
adequate net worth and permissible investments to cover outstanding liabilities, constituting
violations of state money transmission law. Many
customers are still waiting for their funds.

View the full Press Release

View the Consent Order