Tagged: Mexico Bribery

World Acceptance Corporation Settles FCPA Charges with the SEC for $21.7 Million

World Acceptance Corporation Settles FCPA Charges with the SEC for $21.7 Million

World Acceptance Corporation (“WAC”), a US-based consumer loan company, agreed to pay the SEC $21.7 million for FCPA violations in Mexico.  WAC’s cited violations covered the full gamut of FCPA violations, including bribery payments to government officials in Mexico, failure to keep accurate books and records and inadequate internal accounting controls. WAC engaged in an illegal scheme over a seven year period, from December 2010...