Chen was selected because of her substantial in-house compliance experience across diverse industries, including the financial, pharmaceutical and software technology sectors. Chen most recently headed Standard Chartered Bank’s global anti-bribery and corruption program. She previously served as an Assistant US Attorney in Brooklyn, New York.
The DOJ is no longer willing to accept a company’s representations about the strength of its compliance program. The Compliance Counsel’s assessment is expected to influence the DOJ’s charging decisions as well as any remedial measures the DOJ may require a company to undertake, including whether to impose a compliance monitor.