Ericsson in Panama settles U.S. export violations

Central America

Tuesday, May 29, 2012

The U.S. Commerce Department’s Bureau of Industry and Security on Friday said Ericsson de Panama S.A. of Panama City has agreed to pay a civil penalty of $1.753 million to settle 262 violations of the Export Administration Regulations (EAR). Assistant Secretary of Commerce for Export Enforcement David W. Mills said the settlement “reflects the serious consequences that result when companies knowingly violate the EAR and take steps to conceal that activity. Companies must maintain ...

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