US COMPANY TO PAY $79,000 TO SETTLE TRANSACTIONS IN 2016 AND 2017 IN VIOLATION OF UKRAINE-RELATED SANCTIONS

On 1 April, KPMG reported that OFAC had announced a New York-based company, S&P Global Inc, which provided business information and financial analytics has agreed to pay approximately $79,000 to settle its potential civil liability for apparent violations of the Ukraine-related sanctions regulations involving JSC Rosneft.  These came after the company had acquired Petroleum Industry Research Associates Inc (PIRA), a US company that provided research and forecasting products and services to over 500 energy and commodity customers.

https://home.kpmg/us/en/home/insights/2022/04/tnf-us-company-agrees-to-pay-to-settle-transactions-in-2016-and-2017-in-violation-of-ukraine-related-sanctions.html

https://home.treasury.gov/system/files/126/20220401_spglobal.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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