IDFPR Orders Sigue Corp. to Cease Money Transmission Activities
Information
Title
IDFPR Orders Sigue Corp. to Cease Money Transmission Activities
Description
The Illinois Department of Professional Regulation (IDFPR) has announced 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.