Swedish telecommunications company Ericsson agreed to pay nearly $207 million following two breaches of its 2019 deferred prosecution agreement (DPA) with U.S. authorities.

Ericsson breached its DPA by continuing the corrupt practices of “paying bribes, falsifying books and records, and failing to implement reasonable internal accounting controls in multiple countries,” the Department of Justice (DOJ) announced Thursday.

Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...