*NOTE:* If this communication should be sent to another contact in your organization, please send the updated contact information to [email protected] <[email protected]> and indicate whether this is an additional or replacement contact. Thank you.

*FOR IMMEDIATE RELEASE FROM
**THE* *WASHINGTON DEPARTMENT OF FINANCIAL INSTITUTIONS*

*Friday, March 15, 2024
**CONTACT*:    
Lyn Peters, DFI Director of Communications
PH 360-902-8731, [email protected]

Ali Higgs, Acting Director Division of Consumer Services
PH 360-902-8800, [email protected]

*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 [ [link removed] ] 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 [link removed] or fill out the printable form at [link removed].

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 [ [link removed] ].

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*About DFI* ▪ www.dfi.wa.gov [ [link removed] ] ▪ 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 [ [link removed] ]. 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 [ [link removed] ]■ www.instagram.com/wastatedfi/ [ [link removed] ] ■ twitter.com/dficonsumers [ [link removed] ] ■ [link removed] ■ [link removed] ■ www.homeownership.wa.gov [ [link removed] ] ■ www.linkedin.com/company/state-of-washington-department-of-financial-institutions/ [ [link removed] ]

*About the Division of Consumer Services* ▪ www.dfi.wa.gov/cs [ [link removed] ] ▪ 360-902-8703
The 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 revenue source.

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This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Washington State Department of Financial Institutions · 150 Israel Rd SW  · Tumwater, WA 98501 GovDelivery logo [ [link removed] ]