Zhongxing Telecommunications Equipment Corporation (ZTE)

Parent Company:
ZTE (China)
HQ Country of Company:
China
Agency:
Bureau of Industry and Security
Location of Sentencing:
Washington D.C.
Date:
Description:
ZTE was required to pay $1 billion and put $400 million in escrow after BIS learned that the company had not complied with certain terms in a March 2017 settlement relating to Iran sanctions violations.
Fine:
Total Fine
$1,400,000,000.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$1,400,000,000.00
Source:
Treasury, “Enforcement Information For March 7, 2017.”
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