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Browse: Home / 2020 / August / 07 / World Acceptance Corporation pays SEC $21.7 million to resolve “bags of cash” FCPA offenses | The FCPA Blog

World Acceptance Corporation pays SEC $21.7 million to resolve “bags of cash” FCPA offenses | The FCPA Blog

By Securities Docket on August 7, 2020, 9:48 am

World Acceptance Corporation agreed Thursday to pay the SEC $21.7 million in penalties and disgorgement to resolve FCPA offenses in Mexico.

In an internal administrative order, the SEC charged WAC with violating the FCPA’s anti-bribery, books and records, and internal accounting controls provisions. The consumer loan company agreed to disgorge $17.8 million plus prejudgment interest of $1.9 million, and civil penalties of $2 million.

via World Acceptance Corporation pays SEC $21.7 million to resolve “bags of cash” FCPA offenses | The FCPA Blog.

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