NES Financial | JTC Completes 15th Consecutive SOC 1 Type 2 Audit

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This independent examination confirms the company’s commitment to due diligence in security, transparency and compliance.

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Completion of the SOC 1 Type 2 report is an important measure that demonstrates our shared commitment to best practices, and to providing the utmost in security, transparency and compliance to our clients around the world.

Specialty financial administrator NES Financial | JTC announced the successful completion of its most recent SOC 1 Type 2 examination. As part of NES Financial | JTC’s commitment to minimize risk and maximize the opportunity for success for its clients, the company has voluntarily undergone regular third-party reviews of its technologies, procedures and control objectives over the past 15 years.

The SOC 1 Type 2 audit is conducted under the SSAE 18 auditing standard — a recognized compliance and controls standard from the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board which is used by leading banks and service providers across the financial industry. The NES Financial | JTC examination includes controls over technology, information, financial processes, security and other protected data. The audit is performed by Moss Adams, one of the leading public accounting firms in the country. It reviews the design of controls and the operating effectiveness of identified key control areas of the company.

“NES Financial has established itself as an innovative leader in the fund administration space, serving specialized financial markets with unique demands. Now that we’ve joined forces with JTC, we have more capability and more reach than ever before,” said Michael Halloran, CEO of ICS USA at JTC Group. “Completion of the SOC 1 Type 2 report is an important measure that demonstrates our shared commitment to best practices, and to providing the utmost in security, transparency and compliance to our clients around the world.”

NES Financial | JTC is the leading provider of third-party administrative solutions to US impact investment sectors, including the Opportunity Zones initiative and EB-5 Program, as well as to private equity fund managers and 1031 exchange participants. Along with SOC 1 Type 2, NES Financial | JTC also complies with OCC and BSA third-party vendor requirements for financial institutions. As a result, the fund administrator’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, the Gramm-Leach-Bliley Act and other industry regulations.

About NES Financial | JTC
NES Financial | JTC is the US division of JTC Group, a multi-jurisdictional provider of fund, corporate and private client services. Listed on the London Stock Exchange and included in the FTSE 250 Index, the company administers more than $130 billion in assets and employs more than 900 people in 23 offices worldwide. NES Financial | JTC is a leader in specialty financial administration, serving markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements. The company’s technology-driven solutions streamline best practices in these markets by simplifying specialized financial transactions, reducing back-office overhead, curtailing fraud and abuse, and offering security, transparency and regulatory compliance during each step of an investment’s life cycle.

For more information, visit nesfinancial.com.

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