HSBC monitor flagged 'suspicious' Huawei transactions - report

Business | Politics 12/6/2018, 11:59 PM
HSBC monitor flagged 'suspicious' Huawei transactions - report

A United States federal monitor for the HSBC Bank plc flagged "suspicious transactions" made by Huawei Technologies Co., people close to the matter told the Wall Street Journal.

The monitor, who is charged with overseeing anti-money-laundering and sanctions violations controls, found illegal transactions made by the telecommunications-equipment giant and shared them with the US federal prosecutors which led to the arrest of Huawei's CFO Wanzhou Meng, the WSJ was told by its sources. Currently, the bank is cooperating with the prosecutors and is not part of the investigation.

Earlier, China demanded Canada release the arrested Wanzhou and called on the US, which is seeking the extradition of the businesswoman, to make the charges against her public.

Breaking the News / MD

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