September 26, 2019 / 9:39 PM / 8 months ago

Quad/Graphics to pay $9.9 mln to settle U.S. bribery charges tied to Peru, China

Sept 26 (Reuters) - Quad/Graphics Inc, a Wisconsin-based marketing and printing services company, will pay $9.9 million to settle U.S. Securities and Exchange Commission charges it engaged in bribery schemes in Peru and China, the regulator said on Thursday.

The company will pay a $2 million civil fine plus about $7.9 million in disgorgement and interest to resolve charges it violated the federal Foreign Corrupt Practices Act between 2010 and 2016, the SEC said.

Quad/Graphics also agreed to periodically report to the SEC about its progress in improving its compliance controls over a one-year period. The Sussex, Wisconsin-based company did not admit or deny wrongdoing in agreeing to settle.

Reporting by Jonathan Stempel in New York, Editing by Rosalba O'Brien

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