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    Department of Banking and Securities Urges Consumers Affected by Sigue Corporation’s Money Transmitter Act Violation to File a Claim

    January 07, 2025

    Department’s successful attainment of Sigue Corporation’s surety bond will support impacted Pennsylvanians 

    Affected consumers must file a claim with the Department

    Harrisburg, PA – The Pennsylvania Department of Banking and Securities (DoBS) is urging any consumers who have purchased or are holding a money order from Sigue Corporation or have a failed money transmission made by Sigue Corporation to file a claim with the department. If you have questions on how to file a claim, contact the DoBS Consumer Services Office at 1-800-PA-BANKS (1-800-722-2657).

    In March 2024 DoBS, along with financial regulatory agencies from 38 states, Puerto Rico, and the District of Columbia ordered Sigue Corporation to cease engaging in any further money transmission activities. DoBS then found that Sigue Corporation was found to have engaged in conduct in violation of the Money Transmitter Act, and was ordered to cease and desist from all money transmitter activities. Sigue’s money transmitter license (NMLS ID 915912) has also been revoked. The amended order was filed by DoBS in October 2024.

    The finality of the orders has allowed DoBS to claim Sigue Corporation’s surety bond which results in an efficient claims process for impacted Pennsylvania consumers. If you have purchased or are holding a money order from Sigue Corporation or have a failed money transmission made by Sigue Corporation, file a claim with the department. 

    MEDIA CONTACT: Joan Z. Nissley, jnissley@pa.gov

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