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 Regulations, 31 C.F.R. part 538 (SSR). The apparent violation involved employees of EUS and EAB conspiring together and with employees of a third company to export and reexport a satellite hub from the United States to Sudan and to export and reexport satellite-related services from the United States to Sudan in violation of SSR 532.211. OFAC determined that EUS and EAB voluntarily self-disclosed the apparent violation, and that the apparent violation constitutes an egregious case.