On Wednesday, June 20, 2018, Travis Nelson, a partner in Reed Smith’s Financial Services Regulatory Group, will present a lecture at the 2018 New Jersey Bankers Association’s Compliance University on two hot topics in bank regulation. In the area of Cannabis Banking, the current political and regulatory environment has left many banks and their legal and compliance departments dazed and confused over whether or not they may serve this rapidly emerging industry. This issue is complicated by the fact that there is no “typical” marijuana-related business against which banks can design their cannabis lending policy, or evaluate their cannabis lending risk. In the area of BSA/AML enforcement, now more than ever banks and their compliance officers need to appreciate the risk of federal examination and enforcement of anti-money laundering laws. Not only does BSA/AML enforcement pose significant reputational risk for banks, but also a comparatively heightened risk for enforcement actions against compliance and BSA officers personally.
Travis Nelson is a partner resident in the Princeton and Philadelphia offices of Reed Smith, Co-Chair of the Firm’s Anti-Money Laundering & Trade Sanctions Group, and Vice-Chair of the Firm’s Cannabis Law Team. Travis’ practice focuses on bank corporate transactions, consumer and non-consumer bank regulation, examinations and enforcement defense, BSA/AML compliance, and more. Prior to joining Reed Smith, Travis served in the Enforcement Division of the Office of the Comptroller of the Currency, the U.S. Treasury Department agency that regulates federally-chartered banks. Travis is also Chair of the New Jersey State Bar Association’s Banking Law Section, adjunct faculty at Villanova Law School and Temple Law School where he teaches courses on financial services regulation, and an active speaker on banking issues at national and regional banking conferences.
For information on registering for the conference, see: https://www.njbankers.com/Shared_Content/Events/Event_Display.aspx?EventKey=2018COMPL