Paul Nelson

Paul Nelson

Paul Nelson is an Affiliate Consultant at Bates Group who has more than 45 years of involvement with the regulatory and legal compliance issues facing banks and nonbank financial services providers.  His 5 years as a Senior Attorney and Acting Regional Counsel with the Comptroller of the Currency formed the basis of his education in the principles of bank regulation as practiced in the U.S.  He has served as a General Counsel of the U.S. House Banking Committee and as a registered lobbyist in private practice. Paul has several years of experience with prominent consulting firms, including PricewaterhouseCoopers, Promontory Financial Group, and two smaller consulting firms. He was Senior Vice President and Chief Compliance Officer for IBJ Whitehall Bank and Trust, a part of the Mizuho Group. For 11 years he was a Senior Vice President, Chief Compliance Officer, and Corporate Secretary of NewTower Trust in Bethesda, Maryland. Most recently Paul was a Director (Audit Committee Chair) and Officer (EVP, Compliance and Trust Officer and Corporate Secretary) with Reserve Trust Co. in Denver, Colorado. 

In his long history in financial services regulation, Paul has represented clients in courts, before both federal and state financial regulatory agencies, the U.S. Congress, the SEC, and arbitration panels. 


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Paul Nelson

A Consultant and subject matter expert in these services:

  • Securities and Financial Services Litigation & Consulting
    • Retail
      • Securities and Financial Services Litigation & Consulting
      • Banking
      • Corporate Governance
      • DOL Fiduciary Duty Rule
      • Fiduciary Duties/Responsibilities
      • Fiduciary Investments
      • Foreign Accounts
      • Former Regulators
      • Insider Trading
      • Legal
      • Money Laundering
      • Private Equity
      • Portfolio Management
      • Real Estate Investment Trusts - REITs
      • Suitability
      • Trusts
      • Trust Investments
      • Wealth Management
      • 401K/Pension/Retirement
      • Banking
      • Corporate Governance
      • Defined Benefits
      • ERISA
      • Former Regulators
      • Money Laundering
      • Trusts
      • Trust Investments
      • Regulatory & Internal Investigations
      • AML & Financial Crimes
      • Compliance Solutions
    • Institutional
      • Securities and Financial Services Litigation & Consulting
      • Banking
      • Corporate Governance
      • DOL Fiduciary Duty Rule
      • Fiduciary Duties/Responsibilities
      • Fiduciary Investments
      • Foreign Accounts
      • Former Regulators
      • Insider Trading
      • Legal
      • Money Laundering
      • Private Equity
      • Portfolio Management
      • Real Estate Investment Trusts - REITs
      • Suitability
      • Trusts
      • Trust Investments
      • Wealth Management
      • 401K/Pension/Retirement
      • Banking
      • Corporate Governance
      • Defined Benefits
      • ERISA
      • Former Regulators
      • Money Laundering
      • Trusts
      • Trust Investments
      • Regulatory & Internal Investigations
      • AML & Financial Crimes
      • Compliance Solutions
  • Regulatory & Internal Investigations
  • AML & Financial Crimes
    • Anti-Money Laundering
    • Fraud & Risk Management
    • BSA/AML/OFAC Compliance
  • Compliance Solutions
    • Anti-Money Laundering
    • Bank Secrecy Act
    • Compliance Testimony

Credentials

EXPERIENCE

Reserve Trust Company, Director and EVP/ SVP, Denver, CO and Washington, D.C., 2015 – 2020

NewTower Trust Company, Chief Law and Compliance Officer, Bethesda, MD, 2005 – 2016

WBC Financial Group, Principal, Washington, D.C., 2003 – 2014

IBJ Whitehall Financial Group, Senior Vice President and Chief Compliance Officer, New York, 2000 – 2002

PricewaterhouseCoopers, Regulatory Advisory Services Washington, D.C., 1991 – 2000

Private Law and Consulting Practice, Washington, D.C., 1983 – 1991; Cameron and Hornbostel, 1989 – 1991; Washington Bank Consultants, 1989 – 1991; Hamilton and Hamilton, 1986 – 1989; Nelson & Yudin, 1983 – 1986

Committee on Banking Finance and Urban Affairs, U.S. House of Representatives, General Counsel to the Republican Members, Washington, D.C., 1980 – 1983

Comptroller of the Currency, Senior Attorney, Legal Advisory Services Division, Washington, D.C.; Acting Regional Counsel, Region 12, San Francisco, CA; Senior Attorney, Legislative Counsel Division, Washington, D.C., 1975 – 1980

EDUCATION

Juris Doctorate (J.D.) and Master of Laws (LL.M.), Taxation, George Washington University Law School, Washington, D.C.

Bachelor of Arts (A.B.), Colgate University, Hamilton, NY

Pacific Coast Banking School, Certificate, Seattle, WA

PUBLICATIONS

PricewaterhouseCoopers (PWC) Regulatory Handbooks, 1994 – 2000

Regulatory Guide for Foreign Banks in the U.S., 1993 edition (Price Waterhouse)

A Guide to the FDIC Improvement Act, 1992 (Price Waterhouse)

Banking Law Reporter, monthly column, 1983 – 1986

State banking association magazines, articles on risk-based capital and other regulatory subjects

Testimony and speeches for members of Congress and the Comptroller of the Currency

OTHER ACTIVITIES

Director and Treasurer, Friends of the St. Clements and Piney Point Museums, 2002 – present.

Christ Church, Chaptico, MD, auditor 2008 – 2010; Finance Committee, 2008 – present; Vestry, 2014 – 2017, 2021 - Present   

Adjunct Professor, American University Washington Semester Program, Washington, D.C., 2004 – 2005

Member of the National Panel of Arbitrators of the American Arbitration Association, 1986 - 1995