Posts Tagged ‘export control’

FAQs on ZTE’s Compliance Settlement

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The Commerce Department published its revised settlement with ZTE Corp. on Monday, giving us much more detail on this bizarro arrangement of U.S. regulators appointing an in-house compliance executive to the troubled Chinese telecom firm. The concept is intriguing, and the job could be the professional challenge of a lifetime — except for all those…

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Trump Admin Whacks Telco Firm for $892 Million

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Compliance officers wondering whether the Trump Administration would still enforce egregious corporate misconduct with big fines, here’s one answer: the administration today whacked a Chinese telecom firm with nearly $900 million in fines and penalties for export control violations. The firm is ZTE Corp., which pleaded guilty to re-exporting sensitive communications technology to Iran without…

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