In its May 6, 2015 Form 10-Q filed with the SEC, Dun & Bradstreet (D&B)—a U.S. commercial data and business solutions provider—stated it was “probable” that the company would incur a financial loss as a result of the ongoing SEC and DOJ probe into corruption allegations relating to its now-shuttered data collection operations in China. In the filing, D&B disclosed that the DOJ notified the company in February 2015 that it would likely propose settlement terms related to the investigation.

This disclosure relates to the company’s 2012 decision to temporarily suspend and then permanently terminate operations at its Shanghai Roadway D&B Marketing Services branch. D&B closed this practice in the face of allegations that the company had violated Chinese data privacy laws through its data collection services. In December 2012, the Chinese government imposed monetary fines on the Shanghai branch and four of its employees, also sentencing the employees to prison terms for illegally obtaining private information about Chinese citizens. D&B opened an internal investigation into the matter, and voluntarily disclosed to the SEC and DOJ its findings related to possible misconduct, including FCPA violations.

For more information, read Compliance Week's press release.