The saga of the recent arrest of Huawei's finance director, Meng Wanzhou, in Canada, raises further questions as to whether the name of the British financial giant will not be involved in the scandal.
It seems that a recent HSBC surveillance by the US money-laundering department has revealed that suspicious transactions have been made to Huawei. This also led to Meng's arrest on Saturday, the accusation being that it violated US imposed restrictions as Huawei was selling equipment to Iran.
HSBC is not currently under official investigation as part of the case, according to an acquaintance with the event. However, HSBC's overall intervention may complicate the talks between Washington and Beijing. The bank's headquarters are in the UK, and HSBC was originally called the Hongkong and Shanghai Banking Corporation. The bank is one of the most influential financial companies in China and has one of the largest foreign banking networks. Bank Incorporated in China since 2007
Overall, HSBC has had previous clashes with the US authorities.
In 2012, the bank handed over $ 1.9 billion to US authorities for its major role in a major drug laundering scheme, including Iran, Cuba, Libya, Sudan, and Burma, which are under US sanctions. Since then, the company has been under the anti-money laundering unit.
Huawei is under investigation from 2012 for receiving money from Iran and for not cooperating with the federal investigation that has taken place.
Source: CNBC
Photo: Pixabay
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