DFI ISSUES CEASE AND DESIST ORDER FOR SIGUE CORPORATION TO HALT ALL MONEY TRANSFERS AND RECEIPT OF FUNDS IN WASHINGTON STATE
Anyone who lives in Washington State who used Sigue to transmit funds, and funds have yet to be received may wish to file a complaint with DFI
OLYMPIA – The Washington State Department of Financial Institutions (DFI) issued a temporary cease and desist against Sigue Corporation (Sigue). As of Friday, March 15, 2024, Sigue is prohibited from collecting any new funds for transmission or currency exchange.
It is important to note Sigue has stated that it has not accepted any consumer funds in Washington since Jan. 30, 2024. If you live in Washington State and used Sigue to transmit funds, and the funds have not yet reached their destination, you may file a complaint with DFI online at https://dfi.wa.gov/consumers/file-complaint/money-services-complaint/online-complaint-form or fill out the printable form at https://dfi.wa.gov/sites/default/files/money-services-complaint.pdf.
Customers are urged to retain all receipts of payments to Sigue that have not yet been fully transmitted to and received by intended recipients.
At this time, it is unknown if any received funds not yet fully transmitted can or will be paid out. We will provide additional information as we receive it online at www.dfi.wa.gov/sigue.
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About DFI ▪ www.dfi.wa.gov ▪ 360-902-8700 ▪ 877-RINGDFI (746-4334)The Washington State Department of Financial Institutions regulates a variety of financial service providers such as banks, credit unions, mortgage brokers, consumer loan companies, payday lenders and securities brokers and dealers. The department also works to improve financial education throughout Washington through its outreach programs and online clearinghouse www.dfi.wa.gov/financial-education. In addition to posting information about licensees and administrative actions, DFI uses the Web and social media to provide financial education information: www.facebook.com/wadfi ■ www.instagram.com/wastatedfi/ ■ twitter.com/dficonsumers ■ https://dfi.wa.gov/financial-education/blog ■ https://www.youtube.com/user/WADFI ■ www.homeownership.wa.gov ■ www.linkedin.com/company/state-of-washington-department-of-financial-institutions/
About the Division of Consumer Services ▪ www.dfi.wa.gov/cs ▪ 360-902-8703The mission of the Division of Consumer Services is to protect consumers from illegal and fraudulent financial products and services. The division accomplishes its mission through licensing, licensee examinations, investigations, and enforcing selected state and federal statutes and rules. Consumer Services regulates the business activities of consumer loan companies, mortgage brokers, money transmitters and currency exchangers, as well as check cashers and sellers, also known as "payday lenders." The Division is entirely self-supporting, with funding provided by licensing, auditing, and policing of regulated businesses and individuals. No money is received from the state General Fund or other public
