U.S. Government’s enforcement cases over ZTE’s and PayPal’s violations are major showcases for potential consequences of ignoring the export control laws and denied party screening process. ZTE Corporation, considered to be the largest telecommunications company in China, was on the news recently because of its violations of the U.S. government sanctions by exporting U.S. origin […]

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Source: U.S. Department of Justice – Office of Public Affairs Combined Penalty of $1.19 Billion with Department of Commerce and Department of Treasury Actions Shows All of Government Approach to Sanctions Enforcement ZTE Corporation has agreed to enter a guilty plea and to pay a $430,488,798 penalty to the U.S. for conspiring to violate the […]

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Source: Reuters The U.S. government plans to temporarily lift export curbs it imposed on Chinese telecom equipment and smartphone maker ZTE Corp (0763.HK) for alleged Iran sanctions violations, a senior Department of Commerce official said. The Commerce Department restrictions imposed earlier this month made it difficult for ZTE to acquire U.S. components by requiring its […]

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