Meng Wanzhou, the chief financial officer of Huawei, the world’s largest telecom equipment manufacturer and second-largest smartphone maker, has been arrested in Vancouver, Canada on suspicion she violated U.S. trade sanctions against Iran, as first reported by The Globe and Mail. We’ve reached out to Huawei to confirm the news. Per The Globe and Mail, Meng, the company’s deputy chairwoman, was arrested on December 1; a bail hearing has already been set for Friday.