Achieving compliance is the central goal of the Consumer Product Safety Commission’s enforcement efforts. Commission policy encourages companies subject to the Commission’s regulations and oversight to develop rigorous compliance programs that help minimize the potential for violations.
To foster compliance, the Commission has issued several policy statements that address the importance and ideal elements of compliance programs. As discussed in the Commission’s Penalty Guidelines, when considering whether credit for a compliance program is appropriate in determining a civil penalty, the Commission will look for the following:
PolyVista helps businesses by providing compliance and surveillance solutions to detect potential market manipulation, anticompetitive behavior, improper conduct, anomalous activity, and more. PolyVista's solution is flexible enough to keep pace with changing regulatory demands.
PolyVista's adaptive analytics solution is a self-adjusting approach that can surface anomalous events, regardless of changing conditions or variability in what is considered “normal.” PolyVista's solution surfaces red flags without setting specific tolerance levels or restrictive constraints, which usually requires upfront tedious and time-consuming building and maintenance of definitions. The most significant characteristic of PolyVista's approach is its ability to remain effective over time, despite changing business conditions. PolyVista's solution is flexible enough to keep pace with changing regulatory demands, and its moving time window self-adjusts for changing business conditions.
Benefits of PolyVista's adaptive analytics solution include: