Ericsson—Paid $206M additional penalty for FCPA violations including potential ISIS payments in Iraq
Ericsson pleaded guilty and paid $206 million for violating the FCPA's anti-bribery provisions, after breaching a 2019 DPA. The original 2019 settlement totaled over $1 billion for bribery in Djibouti, China, Vietnam, Indonesia, and Kuwait. In 2022, the company admitted it couldn't rule out that bribes paid in Iraq between 2011-2018 ended up with the Islamic State terrorist group.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.295 | ||
Score = avg(topic contributions) × significance (critical ×2) × confidence (0.59)× agency (compelled ×0.25)
Evidence (1 signal)
Paid $206M additional penalty for FCPA violations including potential ISIS payments in Iraq
Ericsson pleaded guilty and paid $206 million for violating the FCPA's anti-bribery provisions, after breaching a 2019 DPA. The original 2019 settlement totaled over $1 billion for bribery in Djibouti, China, Vietnam, Indonesia, and Kuwait. In 2022, the company admitted it couldn't rule out that bribes paid in Iraq between 2011-2018 ended up with the Islamic State terrorist group.