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HSBC monitor flagged suspicious Huawei transactions

Canadian authorities arrested Huawei CFO Meng Wanzhou for alleged violations of Iran sanctions

HSBC monitor flagged suspicious Huawei transactions
Photo: Getty Images

A federally appointed overseer at HSBC flagged suspicious transactions in the accounts of Huawei Technologies to prosecutors seeking the extradition of the Chinese company’s finance chief, people familiar with the matter said.

A monitor charged with evaluating HSBC’s anti-money-laundering and sanctions controls in recent years relayed information about the Huawei transactions to federal prosecutors in the Eastern District of New York, the people said.

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