Ant new compliance leader

Ant group has appointed Li Chen as its new compliance director this week and will report directly to CEO Hu Xiaoming, according to the news from pembo and the Wall Street Journal on November 13.
The compliance department mainly exists in banks, securities and other financial institutions. It is a functional department responsible for the supervision and inspection of compliance with laws and regulations, credit management approval responsibility identification, anti money laundering and other work. Bank compliance department is an independent functional department, which identifies, assesses, notifies, monitors and reports the compliance risks of banks.