AGREEMENT BETWEEN OFAC AND ERICSSON INC AND ERICSSON AB OVER SUDANESE SANCTIONS ALLEGATIONS

On 6th June, the US Treasury reported a $145,893 settlement payment by the companies following the voluntary disclosure of an apparent violation involved employees conspiring together and with employees of a third company to export and re-export a satellite hub from the US to Sudan and to export and re-export satellite-related services from the US to Sudan and dating back to 2011-2012.

https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20180606_ericsson.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017