- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-06-03T18:48:00
Swedish telecommunications giant Ericsson announced the conclusion of the independent compliance monitorship imposed on the company following its 2019 settlement for violations of the Foreign Corrupt Practices Act (FCPA).
In a press release Monday, the company announced the monitorship required as part of a deferred prosecution agreement (DPA) with the Department of Justice (DOJ) ended Sunday.
“The role of the independent compliance monitor over the past four years has been to comprehensively review, assess, evaluate, and test all aspects of the company’s global anti-corruption compliance program and internal controls,” Ericsson said in the release. In March, the company announced the monitor certified its anti-corruption compliance program satisfied the requirements ordered by the DOJ.
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Swedish telecommunications company Ericsson announced its independent monitor appointed by the Department of Justice certified its compliance program satisfies the requirements ordered by the U.S. agency following its 2019 Foreign Corrupt Practices Act settlement.
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