Corporate Monitorships Delayed as Justice Department Vets Picks

The Justice Department has yet to name compliance monitors for three companies that settled criminal probes by accepting independent reviews, potentially undercutting Biden administration efforts to enhance the widely-criticized enforcement tool.

Delays in each of the criminal monitorships announced since Biden took office range from four months following the DOJ’s plea deal with Glencore to a nine-month wait at NatWest Markets.

Department leaders have rejected some candidates nominated by companies, adding time to the selection process, and senior officials are scrutinizing individual decisions amid a study of monitorships ordered by the deputy attorney general, according to two sources familiar with ...