Temu mulls hiring compliance officer in US amid scrutiny of China goods - report
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PDD (NASDAQ:PDD) owned e-commerce platform Temu aims to hire a compliance officer based in the U.S., following scrutiny by lawmakers over alleged lax practices, among other things.
The Temu platform went live in the U.S. in September 2022.
According to a LinkedIn job posting, Temu is looking for a Greater Boston-based Compliance Officer to develop and maintain compliance policies related to the company's financial operations, including anti-money laundering (AML) and money transmission, ensuring adherence to applicable licensing requirements and reporting obligations, among other things.
Among the roles, Temu is also seeking to hire a Senior Legal Counsel in Boston. The work requires maintaining a sanction screening protocol and policy for the platform, develop a product compliance system to screen merchandize, and make trust and safety policies, among other things.
The U.S. House Select Committee on the China Communist Party in May started a probe into retailers' links to forced labor in China's Xinjiang region, including any efforts to comply with the Uyghur Forced Labor Prevention Act, according to a Reuters report.
Last week, the committee released preliminary findings noting that Temu "does not have any system to ensure compliance" with the act. Temu's 80,000 suppliers agree to boilerplate terms and conditions which prohibit the use of forced labor, the report added.
Certain U.S. lawmakers are thinking of restricting the "de minimis" tariff exemption used by e-commerce sellers to send orders from China to the U.S. A federal brief in April had noted that Temu and Chinese-owned competitor Shein "exploit" the exemption to avoid duties and import illegal products such as those made in the Xingiang region with forced labor. Shein had previously denied using forced labor, according to the report.
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