Ericsson announces conclusion of monitorship by DOJ

Ericsson announced the conclusion of the work and term of the independent compliance monitor appointed by the U.S Department of Justice, or DOJ, in June of 2020 in connection with Ericsson’s 2019 Deferred Prosecution Agreement, or DPA, to resolve historical violations of the Foreign Corrupt Practices Act, or FCPA. The March 2023 plea agreement with the DOJ that followed non-criminal breaches of the DPA has also expired as of June 2. The role of the independent compliance monitor over the past four years has been to comprehensively review, assess, evaluate and test all aspects of the company’s global anti-corruption compliance program and internal controls. On March 28, the monitor certified to DOJ that Ericsson’s anti-corruption compliance program has satisfied requirements and is functioning effectively.