Violation Tracker Individual Record

Company: 
Sigue Corporation and Sigue LLC
Penalty: 
$12,000,000
Year: 
2008
Date: 
January 28, 2008
Offense Group: 
financial offenses
Primary Offense: 
anti-money-laundering deficiencies
Violation Description: 

The Financial Crimes Enforcement Network announced the assessment of a civil money penalty in the amount of $12 million against Sigue Corporation and Sigue LLC, a money services business headquartered in San Fernando, California, for violations of the Bank Secrecy Act. Sigue, without admitting or denying the allegations, consented to the civil money penalty.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Treasury Department Financial Crimes Enforcement Network
Civil or Criminal Case: 
civil
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.