Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Ericsson, Inc. and Ericsson, AB

By AML OFAC, AML

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Ericsson, Inc. and Ericsson, AB

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $145,893 settlement agreement with Ericsson, Inc. (“EUS”) of Plano, Texas and Ericsson, AB (“EAB”) of Stockholm, Sweden. EUS and EAB agreed to settle their potential civil liability for an apparent violation of the Sudanese Sanctions

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180606.aspx

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