On 7 March, the Departments of Commerce, Justice, and Treasury jointly announced a US$1.19 billion settlement with China-based telecommunications company ZTE Corporation and its subsidiaries and affiliates (together ZTE) for allegedly violating US sanctions and export controls laws. ZTE agreed pay a US$100.9 million civil penalty to the Office of Foreign Assets Control (OFAC); a US$661 million civil penalty to the Bureau of Industry and Security (BIS) (US$300 million of which will be suspended during a probationary period); and a US$430 million penalty to the Department of Justice, subject to court approval. Separately, and as addressed in the earlier portion of this update, effective 29 March, the BIS removed ZTE Corporation and ZTE Kangxun from the Entity List, while simultaneously adding former ZTE Corporation Shi Lirong to the list.