The 2023 monitor covered breaches of the deferred prosecution agreement it entered into for corruption in Djibouti, China, Vietnam, Indonesia and Kuwait, as well as failure to report and disclose an illicit alliance with the Islamic State in Iraq uncovered by press reports in 2022.
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, 2024, the Monitor certified to DOJ that Ericsson's anti-corruption compliance program has satisfied requirements and is functioning effectively.
Börje Ekholm, President and CEO of Ericsson, says: “This is an important milestone in our journey to improve our organization. Over the past four years we have implemented important compliance requirements and processes. Our commitment to integrity is rock solid and we have no tolerance for corruption, fraud or other misconduct.”
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