World’s largest advertising firm will pay more than $19 million to resolve allegations that officials used bribery to win lucrative contracts

On 24 September, Capital.com reported that WPP will pay more than $19 million as part of a settlement with the SEC to resolve allegations that WPP officials used bribery to win lucrative contracts in high-risk international markets.  London-listed WPP has agreed to pay the settlement without admitting or denying charges that it violated the anti-bribery, books and records, and internal accounting controls provisions of the FCPA.

https://capital.com/advertising-giant-to-pay-19m-to-settle-bribery-allegations

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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