![]() BBB Business Profiles are subject to change at any time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. For more details go to: īBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. Without admitting or denying the SEC’s findings, World Acceptance Corporation consented to the entry of an order to cease and desist from violating the Foreign Corrupt Practices Act (FCPA) concerning the former Mexican subsidiary and will pay a total of $21.7 million. The SEC found that these bribes were inaccurately recorded in World Acceptance Corporation’s books and were recorded as legitimate business expenses concerning the former Mexican subsidiary. On Augthe Securities and Exchange Commission (SEC) found that World Acceptance Corporation’s former Mexican subsidiary, WAC de Mexico S A de C.V., paid more than $4 million in bribes to Mexican government officials and union officials to secure the ability to make loans to government employees and ensures that those loans were repaid in a timely manner. ![]() Securities and Exchange Commission vs World Acceptance Corporation The following describes a government action that has been resolved by either a settlement or decision by a court or administrative agency. ![]()
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