All Danfoss FZCO articles

  • Danfoss
    News Brief

    Danfoss to pay $4.4M in OFAC sanctions settlement

    2023-01-03T19:23:00Z

    Danish manufacturer Danfoss agreed to pay nearly $4.4 million to settle allegations a subsidiary violated U.S. sanctions by running payments from customers based in Iran, Sudan, and Syria through the foreign branch of a U.S. financial institution.