MN Commerce News

Minnesota Department of Commerce Names Sara Payne Assistant Commissioner of Enforcement

The Minnesota Department of Commerce announced the appointment of Sara Payne as Assistant Commissioner of Enforcement, effective November 19, 2025. Payne will lead the department's civil enforcement operations, overseeing multiple investigative teams and consumer complaint response.

Money Transmitter Sigue Corp. Settles Multistate, Refunds Due

The Minnesota Department of Commerce has joined a multistate settlement with failed money transmitter Sigue Corp. Affected customers can claim refunds by March 31, 2025. The settlement resolves Sigue's outstanding liabilities and requires the surrender of its money transmitter licenses.

Minnesota Joins Multistate Action Against Wise US for AML Violations

The Minnesota Department of Commerce, along with five other state regulators, has taken enforcement action against Wise US, Inc. for violations of its anti-money laundering (AML) compliance program. Wise agreed to pay a $4.2 million penalty and implement corrective actions to address deficiencies.