PAR
Compliance

Committed to Compliance...

As part of the KAR Auction Services family of companies, corporate legal oversight is provided for PAR’s compliance efforts. Under the guidance of corporate compliance management, PAR’s dedicated compliance division includes a Director of Compliance, a Compliance Manager and a team of skilled Compliance Auditors. The compliance team continually monitors and reports on internal operations compliance, vendor compliance (recovery agents) and compliance with client service level agreements. PAR also enjoys the benefit of a corporate Director of Information Risk whose department ensures that all consumer information is handled with the greatest of care. Below is a summary of PAR’s compliance efforts:

  • Dedicated compliance division
  • Robust compliance management system
  • Active vendor management for all recovery agents
    • Physical site inspections
    • Certification/training required
    • Complaint tracking/reporting powered by Vendor Comply
    • Daily monitoring of all performance activity
  • Continuous auditing ensures adherence to:
    • Client service level agreements
    • Internal service level expectations
    • Legal/regulatory requirements
  • Information Security:
    • Stringent change controls (SOX compliant)
    • Data encryption
    • Data centers are SOC certified

 

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17 January
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