WPP Advertising Group to Pay $ 19 Million to Settle Bribery Charges, Says US SEC By Reuters


© 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.

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