https://www.cnbc.com/2018/12/06/allegations-link-huawei-to-illegal-transactions-with-hsbc.html

In the saga involving the recent arrest of Huawei CFO Meng Wanzhou in Canada, questions have surfaced as to whether U.K. banking giant HSBC will be named in the legal case.

According to a story in the Wall Street Journal, a monitor appointed by the U.S. government to oversee HSBC's anti money-laundering controls flagged illicit transactions made by Huawei at the bank and shared them with New York prosecutors. That led to the arrest Saturday of Wanzhou, potentially for violating U.S. sanctions that prohibit Huawei from selling equipment to Iran.