All Ericsson articles – Page 2
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Article
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.
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Article
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.
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Blog
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.
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Blog
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 ...
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