Why NES Financial’s Regular Compliance Practices are Important for Your Business

Recently, we successfully completed our sixth consecutive annual Statement Auditing Standards No. 70 (SAS 70) audit. Conducted by a leading CPA firm, the audit provides a thorough evaluation of our processes and controls against control objectives over our technology and financial procedures. It particularly examined how we manage our trust and escrow technology, operations and services within our escrow and trust administration solutions and 1031 exchange solutions.

This audit reinforces our commitment to maintaining clients’ funds with the utmost security, and administering their complex financial transactions in accordance with the regulatory compliance standards. Although it is optional for financial service companies in our industry to conform to this audit, complying with the SAS 70 Type II helps make NES Financial the standard for security, transparency and compliance.

Along with SAS 70 Type II audits, NES Financial complies with OCC requirements for financial institutions along with Section 404 of the Sarbanes-Oxley Act, the Bank Secrecy Act and the Gramm-Leach Bliley Act.

Click here for more information of NES Financial’s compliance practices.

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2017-05-14T21:56:02+00:00 June 22nd, 2011|Categories: Uncategorized|Tags: , , , |