All Ericsson articles

  • Ericsson
    Article

    Ex-Ericsson employee charged with FCPA bribery violations

    2021-09-09T15:12:00Z

    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
    Article

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

    2021-05-13T17:29:00Z

    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
    Article

    Ericsson appoints DOJ-mandated compliance monitor

    2020-06-03T15:19:00Z

    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
    Article

    Confronting ‘willful intent’ in third-party corruption cases

    2020-02-04T20:03:00Z

    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
    Article

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

    2020-01-27T21:20:00Z

    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
    Article

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

    2019-12-12T21:03:00Z

    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
    Article

    Ericsson finalizes $1B FCPA settlement

    2019-12-09T16:14:00Z

    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
    Article

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

    2019-09-27T14:07:00Z

    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

    2018-06-12T13:15:00Z

    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

    2016-06-20T12:15:00Z

    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 ...