The U.S. Department of Justice unveiled a fresh round of allegations Thursday against Chinese tech giant Huawei, including racketeering, theft of trade secrets, and bank fraud.

The charges, which Huawei strongly denied, included allegations that Huawei stole intellectual property from six unnamed U.S. tech firms and defrauded four international banks as the company violated U.S. sanctions against Iran and North Korea.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...