ViacomCBS Inc’s top compliance official, Henry Moniz, is moving to Facebook Inc as the social media platform’s first chief compliance officer, as Facebook faces scrutiny from regulators and lawmakers.
Moniz will join Facebook on Feb. 8 and will report to Jennifer Newstead, the company’s general counsel, as well as to the audit and risk oversight committee of Facebook’s board of directors.
The development comes as Facebook and other big tech companies face regulatory scrutiny, with growing bipartisan consensus to hold them accountable for business practices.
The U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against Facebook in December, saying it used a “buy or bury” strategy to snap up rivals and keep smaller competitors at bay.
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