Wisconsin marketing firm pays $10 million to resolve FCPA offenses –
Quad/Graphics Inc.
agreed Thursday to pay the SEC nearly $10 million to settle violations of the Foreign Corrupt Practices Act for long-running bribery schemes and cover-ups in Peru and China.
The Sussex, Wisconsin print and digital marketing company
disgorged $6.9 million and prejudgment interest of about $960,000, and agreed to pay a civil penalty of $2 million.
The SEC
resolved the enforcement action through an internal administrative order (pdf) and didn’t go to court.
The company settled without admitting or denying the SEC’s findings.
Quad/Graphics
violated the FCPA’s anti-bribery, books and records, and internal controls provisions, the SEC said.
The company also violated U.S. sanctions and export laws by concealing transactions with a state-controlled Cuban telecommunications company.
The FCPA Blog