COLUMBIA, S.C. — South Carolina, along with 38 other states, Puerto Rico, and the District of Columbia, has issued a consent order for Sigue Corp. to cease its money transmission activities. According to the order, the company "can no longer responsibly serve customers due to its declining financial condition."
A state-regulated money transmission company, Sigue's Money Transfer App allowed users to send money to more than 50 countries and all 50 states for a flat transfer fee. The company's declining financial condition caused it to be unable to meet financial obligations—failing to complete money orders and transmissions and failing to cover outstanding liabilities—both of which are violations of state money transmission law.
The consent order also requires Sique to preserve and provide access to all financial books and records, including information on impacted customers.
Customers who have been impacted or believe they may have been affected should contact the Money Services Division of the Office of the South Carolina Attorney General by calling 803-734-1221 or by sending an email to msb@scag.gov
