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S&P Global

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2022

    OFAC settles sanctions case with S&P Global

    Settlement

    OFAC announced a settlement with S&P Global for violations of the Ukraine-Russia Sanctions Program. OFAC said S&P Global re-dated invoices to extend payment due dates in violation of debt restrictions; the settlement amount was $78,750.

    Company response

    • Remediation — S&P Global

      SPG implemented remedial measures to enhance its compliance program, creating more robust training, adding periodic testing to invoices involving SSI List entities, and adding staff to manage sanctions issues.

    Source excerpt

    • A further example of this enforcement environment occurred last week when OFAC announced a settlement with S&P Global (SPG) for violations of the Ukraine-Russia Sanctions Program.
    • SPG implemented remedial measures to enhance its compliance program, creating more robust training, adding periodic testing to invoices involving SSI List entities, and adding staff to manage sanctions issues.
    • Each of the above-recited transactions violated Directive 2’s prohibition on issuance of new debt with a maturity period for longer than 90 days.
    Source

  2. 2022

    S&P Global agrees to OFAC settlement

    Settlement

    S&P Global agreed to pay $78,750 in a settlement with the U.S. Treasury Department’s Office of Foreign Assets Control concerning alleged dealings with sanctioned Russian state-owned oil company Rosneft in 2016 and 2017.

    Source excerpt

    • Financial analytics provider S&P Global agreed to pay $78,750 as part of a settlement announced Friday with the Department of the Treasury’s Office of Foreign Assets Control (OFAC) regarding alleged dealings with sanctioned Russian state-owned oil company Rosneft in 2016 and 2017.
    Source