U.S. Gov't Sets Sights on Huawei for Violating Iran Sanctions
The Wall Street Journal reports that Canadian authorities have arrested the CFO of Huawei — who is also the founder's daughter — at the request of U.S. authorities. The charge relates to alleged violations of U.S. sanctions on Iran. The U.S. government made a similar case against ZTE (Huawei and ZTE are both Chinese companies,) which at one point threatened ZTE's entire global business. The government has already pressured U.S. companies and allied governments to stop doing business with Huawei over spying concerns. This new action against Huawei will likely affect the current administration's on-again/off-again trade war with China. The executive, Meng Wanzhou, will be extradited to the U.S. and face a bail hearing on Friday.
Huawei Facing Criminal Investigation for Violating Iran Sanctions
Apr 25, 2018
Huawei's survival in America is facing a new threat: a criminal investigation over whether or not it violated sanctions preventing the sale or export of select goods to Iran. The U.S.
Huawei Investigation Suggests Bank Fraud Involving HSBC
Reuters today reports that the U.S. investigation into Huawei's potential violation of sanctions involves "an alleged scheme to use the global banking system to evade U.S.
Huawei's Meng Facilitated Deals with Iran, Says U.S.
Huawei CFO Meng Wanzhou is facing extradition to the U.S. so she can face accusations that she hid connections with a company in order to sell sanctioned equipment to Iran.
U.S. to Suspend ZTE Export Sanctions
Mar 21, 2016
The U.S. Department of Commerce has agreed to temporarily lift sanctions it levied against ZTE, allowing its suppliers to resume some exports to the Chinese company.
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