# OFAC settlement: Zhongxing Telecommunications Equipment Corporation
> Settled **$100.87M** for sanctions violations · 2017-03-07 · FY2017
## Settlement
- **Party:** Zhongxing Telecommunications Equipment Corporation
- **Date:** 2017-03-07
- **Aggregate penalty:** $100.87M
- **Number of penalties:** 1
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*Source: [OFAC 2017 Enforcement Information](https://ofac.treasury.gov/civil-penalties-and-enforcement-information/2017-enforcement-information) · MORVS · CC0 1.0*