Ericsson agrees $146k settlement with OFAC for violating Sudan sanctions

Ericsson Inc (located in Texas) and Ericsson AB (located in Sweden), both of which are subsidiaries of Telefonaktiebolaget LM Ericsson, have agreed to pay OFAC $145,893 to settle an allegation that they had violated the Sudanese Sanctions Regulations. The apparent violation had involved employees of Ericsson Inc and Ericsson AB conspiring together and with employees of a third-country telecommunications company...