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

sar investigations and aml

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 […]

home mortgage application

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 […]

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Regulatory Updates – First Quarter 2024

By | April 3, 2024

Below is a link to the Regulatory Updates as of the end of Q1 2024. TCA provides A Better Way for you to track Compliance updates and keep your organization on track. TCA – A Better Way!

aml

AML/CFT Transaction Monitoring – Importance of Tuning Your AMS Model

By | January 31, 2024

Regulators expect compliance with the standards established in the model risk management guidance (MRMG) (Federal Reserve SR Letter 11-7, OCC Bulletin 2011-12; FDIC FIL 22-2017) as well as the April 9, 2021, Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance. This guidance relates to systems or models used […]

top 5 in hot metal type

TCA’s Top 5 BSA/AML Concerns

By , | January 29, 2024

The Bank Secrecy Act/Anti-Money Laundering area of compliance is always evolving. As an example, we are currently transitioning the name of this specialized area of compliance from Bank Secrecy Act (BSA) to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) to coincide with the term’s examiners are now using within their documents and reports. […]

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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