NEW DOCUMENTS LINK HUAWEI TO SUSPECTED FRONT COMPANIES IN IRAN, SYRIA

On 9th January, KYC 360 reported that the US case against the chief financial officer of China’s Huawei Technologies centres on the company’s suspected ties to a telecom equipment seller that operated in Iran (Skycom Tech) and a holding company registered in Mauritius (Canicula Holdings Ltd) which controlled the Iranian one.  The US alleges that Meng Wanzhou deceived banks into clearing transactions with Iran by claiming the companies were independent of Huawei, when in fact Huawei controlled them.

https://www.riskscreen.com/kyc360/news/new-documents-link-huawei-to-suspected-front-companies-in-iran-syria/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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