 The U.S. inquiry stems from an earlier sanctions-violation probe that ultimately led to penalties against another Chinese technology company, ZTE Corporation.Huawei's deputy chair and CFO Meng Wanzhou, daughter of the company's founder Ren Zhengfei, was arrested in Canada on December 1, 2018 based on an extradition request by U.S. authorities.In May 2019, the US warned Banks, Investors, Traders, and Companies of the UK which trade with Iran through the Instrument in Support of Trade Exchanges (Instex) special purpose vehicle, that they will be punished somehow by Washington.