IDFPR Orders Sigue Corp. To Cease Money Transmission Activities

IDFPR Also Provides Route For Consumers Impacted By Sigue’s Financial Deterioration


April 24, 2024

The Illinois Department of Professional Regulation (IDFPR) announced on April 18, 2024, that Sigue Corp. will cease to provide money transmission services in Illinois, as the company can no longer responsibly serve customers due to its declining financial position. Illinois joins 38 other states, along with Puerto Rico and the District of Columbia, in this consent order after Sigue failed to satisfy outstanding money transmission liabilities, violating state law.

Sigue is a state-regulated money transmission company licensed in Illinois and 48 other states (NMLS ID 915912). Over the past sever...

For access to this article please sign in or subscribe.


Reader Comments(0)


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024