VCM

Virtual Compliance Management

What is VCM?

VCM is an outsourced compliance management solution that delivers expert support and allows you to reduce your bank’s risk and expenses.

Through our VCM program, we provide short-term or temporary help and solutions to specific compliance management and support challenges you face. We also offer full or partnered management of your CMS.

For more than a decade, we’ve provided VCM solutions for countless banks with unique requirements.

When you’re a VCM client, we assign an experienced, qualified compliance professional to work with you and your team. That person also serves as your liaison, connecting you to all of TCA’s compliance professionals and subject matter experts.

Visits can be either onsite or offsite or in a combination that fits your needs. We can adapt quickly to overcome unanticipated obstacles, whether they stem from changes within your bank or the world at large.

VCM helps you reduce risk and delivers A Better Way to manage your compliance challenges quickly and affordably.

Key Deliverables Include:

  • Support to develop, implement, and manage an effective CMS
  • Keep management and staff abreast of critical regulatory changes
  • Immediate advice on critical issues through your assigned VCM
  • Monthly meetings to discuss ongoing compliance concerns, address action items, establish next steps
virtual meeting

Want to learn more?

Please send an email to [email protected] or call 800-934-REGS for more information.

Compliance Insights

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Regulatory Updates – Second Quarter 2024

By | July 2, 2024

Below is a link to the Regulatory Updates as of the end of Q2 2024. TCA provides A Better Way for you to track Compliance updates and keep your organization on track. You can download the updates in a PDF form here.As always, TCA is here to help with A Better Way to answer all […]

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AML Programs and Recent Consent Orders: What Questions Should you be Asking?

By | June 27, 2024

Last year’s news headlines screamed about financial crimes: the riveting cryptocurrency saga of Sam Bankman-Fried (SBF), Binance’s landmark $4.3 billion settlement with the Department of Treasury, and Deutsche Bank’s additional fines for anti-money laundering and sanctions failings. Other noteworthy stories entailed a parade of cybercrimes like ransomware and email scams. For those working in the […]

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Planning for a successful Automated Monitoring System (AMS) Validation by Understanding Common Findings

By | May 24, 2024

Your AMS plays a crucial role in helping financial institutions detect and prevent illicit activities. However, to ensure the effectiveness and compliance of these solutions, regular model validations are necessary and prescribed by Guidance on Model Risk Management from the prudential regulators. During validations, common findings often emerge and highlight opportunities for improvement. Here, TCA […]

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Your Dream AML/CFT Home Starts with Good Bones

By | April 29, 2024

Build A Solid Foundation That Will Help You Detect and Combat Financial Crimes Prospective homebuyers want properties with “good bones,” whether buying new construction loaded with smart technology or a 200-year-old historic farmhouse that needs tender loving care. Good bones assure buyers that a property is structurally sound, provides a safe environment, and will be […]

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HOEPA VS HPML (High-Cost and Higher Priced Mortgage Loan)

By | April 11, 2024

The Home Ownership and Equity Protection Act (HOEPA) was enacted in 1994 as an amendment to the Truth-in-Lending Act (TILA) to address abusive practices in refinances and closed-end home equity loans with high interest rates or high fees. Higher Priced Mortgage Loans (HPML) were implemented as part of the Mortgage Disclosure Improvement Act in 2009 […]

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Tips for a Successful Offsite Review

By | April 8, 2024

The saying goes that the only constant is change, which is true. In this post-pandemic environment, TCA continues to complete most engagements remotely. Technology advancements have made the process easier, but offsite engagements create different challenges. Please take a moment to review some tips for an efficient, effective TCA remote review. Ensuring a Successful Remote […]

Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email for Non-Confidential Information Only

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

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