Karen Freifeld. Exclusive: US Probe of China's Huawei Includes Bank Fraud Accusations: Sources. Reuters, Dec 6, 2018 https://www.reuters.com/article/ ... urces-idUSKBN1O528D
("More recently, the [US] probe has included whether the company [Huawei] used HSBC Holdings Plc to conduct illegal transactions involving Iran, the people said. Companies are barred from using the U.S. financial system to funnel goods and services to sanctioned entities. If the mobile phone and telecoms equipment maker conducted such transactions and then misled HSBC about their true nature, it could be guilty of bank fraud, experts say")