- United States
On March 14, Chinese electronics firm Huawei pleaded not guilty in a U.S. federal court to charges that it plotted to violate the Iran trade sanctions. The indictment, issued in January, charges the company and two affiliates with bank fraud, conspiracy to violate sanctions, and conspiracy to commit money laundering, among other counts. Chief Financial Officer Meng Wanzhou allegedly took part in the conspiracy and has lied in the past about Huawei’s connections to Iran. If Huawei is convicted, it could face fines, forfeiture, and other financial penalties.