The same thing any compliance officer does anywhere. Whether you have one because you're legally required to or you have one because you don't want to risk getting fined or sued isn't really a meaningful difference.
I think it's different than a forced police presence forcing you to run your business a certain way.
How is it different? Either way, you're doing what he/she tells you to out of fear, and all your other employees resent the shit out of him/her for it.