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Violation Tracker Individual Record

Company: Zhongxing Telecommunications Equipment Corporation (ZTE)
Current Parent CompanyZTE
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $100,871,266
Year: 2017
Date: March 7, 2017
Offense Group: competition-related offenses
Primary Offense: export control violation
Violation Description: Zhongxing Telecommunications Equipment Corporation, a telecommunications corporation established in the People's Republic of China, and its subsidiaries and affiliates, as well as ZTE Kangxun Telecommunications Ltd. and its subsidiaries and affiliates agreed to settle their potential civil liability for 251 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR).
Level of Government: federal
Action Type: agency action
Agency: Office of Foreign Assets Control
Civil or Criminal Case: civil
HQ Country of Current Parent: China
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.