All Ericsson articles

  • 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.

  • columnist icons

    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 ...