- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-03-29T18:46:00
Swedish telecommunications company Ericsson announced its independent monitor appointed by the Department of Justice (DOJ) certified its anti-corruption compliance program satisfies the requirements ordered by the U.S. agency.
The certification is a requirement to end the company’s monitorship and a condition as part of its deferred prosecution agreement (DPA) with the DOJ, Ericsson said in a press release Thursday. The monitorship, which originated from historical violations of the Foreign Corrupt Practices Act (FCPA), is expected to conclude June 2.
The monitor team accessed the company’s board, executives, employees, global operations, and books and records during its four-year engagement. Its final certification included “an assessment of the board of directors’ and senior management’s commitment to, and effective implementation of, the corporate compliance program,” Ericsson said in the release.
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