Ericsson escaped the yoke of US oversight as a compliance monitoring period imposed as part of a settlement of historic bribery and irregular bookkeeping charges ended, concluding a five-year process during which it strengthened internal processes.
The vendor stated the work of the independent compliance monitor appointed by the US Department of Justice (DoJ) ended on schedule yesterday (2 June), but added it would cooperate with ongoing investigations into its past conduct.
“This is an important milestone in our journey to improve our organisation,” Ericsson CEO Borje Ekholm said.
The Ericsson chief pointed to the implementation of “important compliance requirements and processes” over the past four years and said its “commitment to integrity is rock solid”, with zero tolerance of “corruption, fraud or other misconduct”.
Ericsson explained the independent monitor had spent the past four years thoroughly poking around its global anti-corruption compliance programme and internal controls.
It noted a US judge certified the programme had met all DoJ requirements in late March.
Ericsson agreed to the compliance monitoring along with penalties totalling $1.1 billion to settle investigations into its historic business practices in 2019. The deal involved a deferred prosecution and the dismissal of charges after a set period.
A plea deal agreed in March 2023 following “non-criminal breaches” of its original agreement is also now concluded.
The vendor continued to streamline its internal conformity processes, adding supervision of an investigations team to the role of its chief compliance officer when it appointed Rebecca Rohr to the position in March.
The post US supervision of Ericsson compliance ends appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip