A new post on Radical Compliance takes a detailed look at the Department of Commerce’s settlement with Chinese telecom ZTE, which resolved the government’s imposition of sanctions barring ZTE from buying U.S.-made IT hardware and software for use in its products. Under the terms of the agreement, ZTE will allow the U.S. to embed compliance monitors who will oversee the firm’s compliance with international sanctions. ZTE was accused of dealing with Iran and North Korea in violation of international sanctions, and then more recently of failing to adhere to a previous agreement that allowed the firm to avoid sanctions for the misconduct.
Regulations, Compliance, & Enforcement
Trending Now
Proposed DFARS Rule Could Require Disclosures and Mitigation Related to Foreign Ownership, Control, and Influence (FOCI) on Certain Unclassified Contracts • OMB Plans to Make IT Contract Data Collection Public, Per Federal CIO • The DOJ Wants Strong FCA Whistleblower Lawsuits From Data Miners • US Investors Earn to Ukrainian Defense Startups—But Export Laws Slow Cooperation • Virginia Expands Restrictions on Employee Non-Compete Agreements
FAQs on ZTE’s Compliance Settlement
Track False Claims Act cases, audit trends, and compliance best practices with our Compliance & Enforcement newsletter, delivering up-to-the-minute intelligence Monday–Saturday — Subscribe here.