© Reuters. FILE PHOTO: Brand signage for WPP, the world’s largest advertising and PR agency at their offices in London, UK July 17, 2019. REUTERS / Toby Melville / File Photo
(Reuters) – The United States Securities and Exchange Commission said on Friday that WPP Plc (LON :), the world’s largest advertising company, had agreed to pay more than $ 19 million to resolve the charges, without admitting nor deny the conclusions of the regulator.
WPP has agreed to cease and desist from violations of the anti-corruption provisions, books and records, and internal accounting controls of the Overseas Corrupt Practices Act, the SEC said. The company will pay $ 10.1 million in restitution, $ 1.1 million in pre-judgment interest and a penalty of $ 8 million.
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.