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Sigue's Compliance Program Remains Strong

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Sigue's Compliance Program Remains Strong PR Newswire LOS ANGELES, July 20, 2012 LOS ANGELES, July 20, 2012 /PRNewswire/ -- Sigue Corporation ("Sigue"). The Senate Subcommittee on Permanent Investigations held a hearing on July 17th regarding U.S.

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Sigue's Compliance Program Remains Strong
PR Newswire LOS ANGELES, July 20, 2012
LOS ANGELES,July 20, 2012/PRNewswire/ --Sigue Corporation("Sigue"). The Senate Subcommittee on Permanent Investigations held a hearing onJuly 17thregarding U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.The focus of the hearing was on HSBC AML program deficiencies. The draft report, which Sigue received onFriday, July 13th, contained several factual inaccuracies, which were addressed in a letter to the Subcommittee leadership with a request that the inaccuracies be corrected before the report was made public.Sigue will continue communicating with the Subcommittee in order to address the inaccurate information, to ensure there is an accurate and fair representation of Sigue within the report.The report briefly references HSBC bank memoranda and correspondence referring to Sigue's past activities prior to 2008 during its relationship with HSBC.Neither the report on HSBC activities nor the hearing involved or referenced any current activities or current business relationships of Sigue. Sigue maintains an industry-leading Bank Secrecy Act / Anti-Money Laundering ("BSA/AML") program.BSA/AML compliance is a top priority for Sigue and Sigue's regulatory compliance program sets a high standard in the industry for best practices. "Sigue is on the front lines every day to combat money laundering and has an industry-leading Compliance Program that provides information and assistance to law enforcement and regulatory authorities to combat illegal activity," said Guillermo de la Vina, founder and chief executive officer. "We are proud to serve the money remittance needs of Latin-American immigrants acrossthe United Statesat a fair price and in a dignified and respectful manner.We are equally proud of our Compliance Program and our efforts to make our service, safe and secure.We deeply regret that the Subcommittee Report included inaccurate information regarding our company," saidGuillermo De la Vina, the founder and chief executive officerof Sigue. About Sigue Corporation Headquartered inSylmar, California, Sigue is a leading global money transfer company with highly recognized and trusted brands with a reputation of providing excellent and personalized services in approximately 145 countries, in 6 continents, with an extensive and established global network of over 75,000 locations. For additional information about Sigue, visit www.sigue.com Contact: Carmen Estrada +1-818-493-4531