Tag Archive: sanctions

Report: Huawei accused of subverting sanctions to deal with Iran

Huawei’s woes with the United States Government continue to grow.

Recently, the company’s Chief Financial Officer was arrested while abroad in Canada. The Chinese-based company has asked her release but as of yet, she’s still being held . One part of the puzzle that had yet to be revealed was why arrest her and why do it now?

According to a new report from Reuters, we may have an answer. The US government is alleging that Huawei has been engaged  [Read More…]

Huawei CFO arrested in Canada for allegedly violating U.S. sanctions

Huawei CFO Wanzhou Meng was arrested in Canada at the request of U.S. law enforcement officials.

Canadian authorities have arrested Huawei CFO Wanzhou Meng on behalf of U.S. law enforcement officials. The Globe and Mail reports that Meng is currently being extradited to the U.S. on the suspicion she violated sanctions against Iran. She was arrested in Vancouver on December 1, with a court hearing set for December 7.

In a statement to the publication, Justice Department  [Read More…]

U.S. Senate rebukes Trump, reimposes sanctions on ZTE

ZTE’s woes continue as the U.S. Senate rolls out a new bill that prohibits the manufacturer from doing business with U.S. firms.

It’s a turbulent time for ZTE. The U.S. government issued a Denial Order against the company back in April, essentially prohibiting the Chinese manufacturer from buying hardware components from the likes of Qualcomm or Intel. The order effectively killed ZTE’s smartphone business as it prevented Google from certifying the manufacturer’s phones.

It looked like  [Read More…]

ZTE hired former Trump staffer to lobby against sanctions

Bryan Lanza, former Trump campaign adviser and White House transition team member, hired one day after President Trump announced his intentions via Twitter.

Chinese telecom giant ZTE hired former Trump campaign adviser and Trump White House transition team member Bryan Lanza to negotiate on its behalf to loosen restrictions that prevent the company from doing any business within the US or with US companies.

Per The Hill, Lanza was hired the day after president Trump announced he  [Read More…]

ZTE guilty of violating U.S. sanctions, will pay $892 million for shipping goods to Iran and North Korea

A massive settlement in the U.S. follows years of wrongdoing.

ZTE has plead guilty to allegations that it violated U.S. laws relating to its involvement in the transfer of U.S. telecom equipment to both Iran and North Korea, as well as lying to federal investigators by insisting that such shipments had stopped. The settlement of $ 892 million and guilty plea relates to a period between 2010 and 2016 when ZTE shipped over $ 30 million in U.S.-based products  [Read More…]