- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Sweden-based telecommunications provider Telia Company and its Uzbek subsidiary, Coscom, will pay $965 million in total penalties in a global settlement to resolve corruption charges arising out of a scheme to win business in Uzbekistan.
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Michaela Ahlberg created a compliance program from scratch when she was hired by Swedish telecom Telia following allegations of corruption in its foreign business dealings. She shared what she learned with the audience at CW’s Financial Crimes virtual event.
Telia Company shares in candid detail what compliance lessons it learned following its recent $956 million global bribery settlement. Those in the ethics, compliance, and legal community will want to listen up.
We may be seeing the dawn of a golden age of FCPA compliance as organizations and the government learn to work together so everybody stays clean.
