NES Financial has recently received its eighth consecutive compliance audit certification.

The SSAE 16 SOC 1 Type 2 audit is a recognized standard that mandates an in-depth examination of control objectives and procedures throughout the company’s operations, including controls over technology information, financial processes, and other mission-critical functions. Conducted by one of the nation’s leading CPA firms, the audit examines how NES Financial manages their technology, services, and operations over several markets including 1031 exchanges, EB-5, and more.

NES Financial is the leader in providing fund and escrow administration solutions for highly specialized financial transactions. The company is the largest provider of EB-5 fund/escrow administration services and the leading 1031 Qualified Intermediary for Fortune 500 companies.

Although there is no requirement for financial administration companies to undergo this audit, NES Financial, as the leader in industry best practices, voluntarily submits to this rigorous process on an annual basis. With eight consecutive successful audits completed, NES Financial is the only company to hold this honor. The yearly certification is just another validation for the company’s continued commitment to excellence and adherence to industry operational and security standards.

“It is essential to ensure full visibility of every complex financial transaction that is being conducted throughout the process, whether it’s the business process, the technology, or the documentation associated with it,” said Michael Halloran, President and CEO of NES Financial. “The fact that we are the only company that voluntarily undertakes and passes these audits is a testament to our ongoing commitment to provide customers with the most secure, transparent, and compliant solutions in the marketplace.”

Along with SSAE 16 certifications, NES Financial also complies with OCC and BSA third-party vendor requirements for financial institutions. As a result, NES Financial’s operations meet the financial needs of the country’s leading public companies that must comply with Section 404 of the Sarbanes-Oxley Act, the Bank Secrecy Act, Gramm-Leach-Billey Act, and other industry regulations.

Contact Us

NES Financial welcomes your questions and opinions. Allow us to address your business needs by contacting us here. We look forward to hearing from you!