All Ericsson articles

  • Ericsson

    Ex-Ericsson employee charged with FCPA bribery violations


    A former account manager at Swedish telecommunications giant Ericsson faces charges of conspiracy to violate the Foreign Corrupt Practices Act regarding alleged bribes paid to government officials in the Republic of Djibouti.

  • Ericsson

    Ericsson to pay Nokia $97M to settle FCPA-related damages claim


    Swedish telecom giant Ericsson has reached a settlement of €80 million (U.S. $97 million) with Nokia relating to events that were the subject of a 2019 FCPA resolution with U.S. authorities.

  • Ericsson

    Ericsson appoints DOJ-mandated compliance monitor


    Ericsson announced the appointment of Andreas Pohlmann as its independent compliance monitor for the next three years in accordance with a deferred prosecution agreement reached with the Department of Justice over FCPA violations.

  • Jaeger_opinion

    Confronting ‘willful intent’ in third-party corruption cases


    Even as companies continue to agree to multi-billion-dollar settlements related to the corrupt acts of third parties, managing the risks associated with them nevertheless eludes many compliance departments.

  • Ericsson

    Ericsson discloses E&C enhancements since $1B FCPA settlement


    Ericsson in a recent regulatory filing disclosed in more detail what improvements it has made to its ethics and compliance program following its $1 billion settlement with U.S. authorities last year concerning violations of the Foreign Corrupt Practices Act.

  • Brockmeyer

    Former FCPA chief’s 7 steps to third-party compliance


    Speaking at CW’s Third-Party Risk Management and Oversight Summit, former FCPA Unit chief Kara Brockmeyer called attention to recent enforcement actions against Walmart and Ericsson as a way to highlight seven steps to third-party compliance.

  • FCPA-July

    Ericsson finalizes $1B FCPA settlement


    Swedish telecom giant Ericsson has entered a $1 billion settlement with U.S. authorities to resolve a long-running investigation into violations of the FCPA that spanned 17 years and several geographies and involved high-level executives.

  • Kroner

    Ericsson reserves $1.2B in FCPA case; speaks candidly on compliance program


    Ericsson announced it has set aside $1.2 billion to resolve a long-running FCPA investigation that spans several geographies. CEO Börje Ekholm spoke candidly about the shortcomings of the company’s ethics and compliance program and how it’s addressing them. 

  • Blog post

    OFAC: Ericsson settlement agreement imparts sanctions compliance lessons


    In its first enforcement action of 2018, the U.S. Treasury Department’s Office of Foreign Assets Control on June 6 reached a $145,893 settlement agreement with Swedish telecom company Ericsson for violating Sudanese sanctions regulations.

  • Blog post

    Ericsson: Seven employees summoned in Greece corruption probe


    Ericsson, a Swedish multinational communication technology and services company, recently disclosed that a Greek prosecutor has summoned seven current and former Ericsson employees in a preliminary investigation involving allegations of possible corruption. As Compliance Week previously reported, Ericsson this week also issued a statement confirming that it’s being investigated for ...