Danish multinational company, Danfoss A/S has reached a civil settlement with OFAC and agreed to pay USD 4,379,810 in respect of 225 apparent violations of multiple OFAC sanctions programs, including Iran, Syria, and Sudan. From 2013 to 2017, Danfoss’s wholly owned UAE subsidiary, Danfoss FZCO routed payments from customers in Iran, Syria, and Sudan to its bank accounts in the …
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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...
Iran
Syria
Sudan