Danfoss, a Danish company that manufactures and sells refrigeration products and air conditioners, has agreed to pay the U.S. Treasury Department more than $4 million to settle its potential civil liability for more than two hundred apparent violations of U.S. sanctions. According to the Treasury Department's Office of Foreign Assets Control (OFAC), between 2013 and 2017, Danfoss's wholly-owned subsidiary in the United Arab Emirates, Danfoss FZCO, sold cooling and heating equipment to Iran, Syria, and Sudan and used third-party agents to receive payments for the sales. The violations occurred due to deficiencies in Danfoss's sanctions compliance program, according to OFAC.