- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2022-08-10T14:50:00
The U.S. Commerce Department’s Bureau of Industry and Security (BIS) charged China’s largest cable and wire manufacturer Far East Cable with export control violations related to its alleged dealings with telecommunications company ZTE to circumvent U.S. restrictions against Iran.
Far East Cable from September 2014 through January 2016 aided and/or abetted violations of the Export Administration Regulations (EAR) on 18 occasions when it “served as a cutout” between ZTE and Iranian telecoms, the BIS stated in a press release Monday. During that period, ZTE was under investigation for EAR violations of its own that ultimately resulted in the Commerce Department levying a record fine of $1.19 billion against the company in March 2017.
The BIS alleged Far East Cable “signed contracts with ZTE and Iranian telecommunications companies to deliver U.S.-origin equipment to Iran as part of an effort to conceal and obfuscate ZTE’s Iranian business from U.S. investigators.”
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