In 2012, HSBC paid $1.92 billion and entered a deferred prosecution agreement with the US attorney’s office in Brooklyn for violating US sanctions and money-laundering laws.
An HSBC spokesperson declined to comment on Thursday. HSBC is not under investigation, according to a person familiar with the matter.
After news of the arrest, Huawei said it has been provided little information of the charges against Meng, adding that it was “not aware of any wrongdoing by Ms. Meng.”
Huawei is under intense scrutiny from Washington and other governments over its ties to the Chinese government, driven by concerns it could be used for spying. It has been locked out of U.S. and some other markets for telecom gear, but has repeatedly insisted Beijing has no influence over it.
On Friday, a person with direct knowledge and a person briefed on the matter told Reuters that Japan plans to ban government purchases of equipment from China’s Huawei and ZTE Corp .
The Yomiuri newspaper, which first reported the news, said the Japanese government was expected to revise its internal rules on procurement as early as Monday to prevent intelligence leaks and cyber attacks.
ZTE pleaded guilty in 2017 to violating U.S. laws that restrict the sale of American-made technology to Iran in efforts to curb Tehran’s missile and nuclear programs.
Before the arrest on Wednesday, Britain’s BT Group said it was removing Huawei’s equipment from the core of its existing 3G and 4G mobile operations and would not use the Chinese company in central parts of the next network.
Republican Senators Ted Cruz, Marco Rubio and Ben Sasse welcomed news of the arrest and said the world’s biggest telecoms equipment maker posed a security threat.
Cruz tweeted: “Huawei is a Communist Party spy agency thinly veiled as a telecom company.”
Huawei has said it complies with all applicable export control and sanctions laws and other regulations.