NES Financial Sets the Bar for Complex Financial Administration Best Practices & Compliance

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10 years of voluntary submission to and completion of independent examination demonstrates Silicon Valley company’s continued leadership in financial transaction security, transparency, and compliance

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Although the examination is not required, NES Financial voluntarily submits to this rigorous process annually. With 10 consecutive examinations successfully completed, NES Financial is the only company in its space to hold this honor

NES Financial, a technology-enabled financial administrator to alternative capital markets, and the leading service provider to the EB-5 and 1031 exchange market sectors, has successfully completed its 10th straight voluntary compliance examination.

Formerly known as SAS 70, the SSAE 16 SOC 1 Type II examination is a recognized compliance and controls standard used by leading banks and service providers across the financial industry. The examination mandates an in-depth review of control objectives and procedures throughout the company’s operations. NES Financial’s examination includes controls over technology, information, financial processes, security, and other protected data. Conducted by one of the leading CPA firms in the country, the examination reviews how NES Financial operates across its key markets, including EB-5 and 1031 exchanges.

NES Financial is the leading provider of escrow and fund administration solutions for specialized financial transactions. The company's suite of Intelligent EB-5 Solutions has been used on over 350 projects representing more than $14 billion in capital. As the largest independent Qualified Intermediary in the country, NES Financial’s 1031 Exchange Solutions safely process more than $85 billion annually.

Although the examination is not required, NES Financial voluntarily submits to this rigorous process annually. With 10 consecutive examinations successfully completed, NES Financial is the only company in its space to hold this honor. This annual examination reflects the company’s continued commitment to industry best practices.

“Since inception, NES Financial has continuously sought to set new standards for security, transparency, and compliance in specialized financial transaction administration,” said Michael Halloran, Chairman and CEO of NES Financial. “Our record of 10 years of voluntarily submitting to and completing robust independent compliance examinations reflects that commitment and market leadership, setting the bar for best practices in alternative asset, EB-5, and 1031 market sectors.”

Along with SSAE 16, 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-Bliley Act, and other industry regulations.

About NES Financial
NES Financial provides technology-enabled services for the efficient middle and back office administration of highly specialized financial transactions. Our custom solutions include EB-5 administration, 1031 exchanges, and fund administration transactions. Many of the world’s largest financial institutions and corporations rely on our proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds. Recognized by Artisan Business Group as the 2013 EB-5 Service Provider of the Year and by Inc. Magazine’s 500|5000 as one of the fastest growing private companies in America two years in a row, NES Financial helps companies lower operational costs, reduce risk, and improve ROI. For more information, visit nesfinancial.com.

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Laura Kelly
NES Financial
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