Thomas Compliance Associates, Inc.
Location: 2846 North Mildred Ave, Chicago, IL 60657
Contact: Melissa M. Hoeft, CAMS Director at email@example.com
Founded more than two decades ago, in 1991, and featuring a staff of professionals who collectively have more than 400 years of bank compliance experience, TCA’s unique approach to compliance and risk management blends bank compliance, operations and budgets.
Although the company’s services cover the ever-growing list of compliance demands, AMLA members likely will relate best to TCA’s BSA Review and Resource Team. Made up of six extremely focused compliance professionals, the TCA BSA Review and Resource Team is a select force of highly skilled compliance authorities that know how to help banks manage BSA, AML and OFAC issues. TCA also specializes in automated monitoring system (AMS) validations.
Overall, TCA’s services include both on-site and virtual reviews of bank compliance programs regular e-publications that (1) provide alerts to client banks when regulatory demands change and (2) feature perspective and insights on rules both new and old topic-specific training for bank staff, management and Directors, toll-free access to the TCA staff and a Visiting Compliance Manager service that helps banks adjust compliance staffing on a cost-effective basis.
Nearly 300 banks across the country use TCA services.
TCA’s compliance professionals are former bankers who know how compliance impacts banking activities and are willing to share their expertise with TCA clients. Many staff gained valuable experience managing bank compliance operations; others held positions as IT specialists, CFOs and in-house counsel. Still other TCA compliance staff joined our team from the regulatory establishment.
Communications and continuing education are an important part of the TCA staff-and-service commitment. Regular TCA University sessions face-to-face whenever possible but enhanced with remote connections when necessary give staff an opportunity to discuss how client banks might best respond to changing regulatory initiatives. TCA founder Tom Thomas often joins these discussions to share insights he has gained as a Director and Audit Committee member at a Chicago-area bank.
Many staff members have earned banking’s most prestigious designations: Certified Anti-Money Laundering Specialist, of course; Certified Regulatory Compliance Manager; Certified Fraud Examiner; Certified Ethical Hacker; Certified Penetration Tester, and Certified Information Systems Security Professional.