Fully compliant. Solid reporting capabilities. Sound financial practices.

At NES, we've established the highest level of voluntary and regulatory compliance in the 1031 industry. We are the only QI that is SAS 70 Type II certified and complies with both SOX 404 and IRC Section 468B.

The SAS 70 Type II certification is the same level of certification needed to obtain a federal bank charter. Each year, we voluntarily subject our core financial practices, including our accounting, reporting, technology and documentation, to an in-depth review by a major U.S. accounting firm for conformance. Our SAS 70 Type II certification uniquely qualifies us to provide exchange services to companies that must comply with SOX 404 control requirements.

We also adhere to additional federal regulatory compliance measures to ensure that our clients' transactions are always facilitated securely and smoothly. These include the Bank Secrecy Act, which requires U.S. financial institutions to assist U.S. government agencies to detect and prevent money laundering; the Gramm-Leach-Bliley Act, which requires financial institutions to provide each consumer with a privacy notice; and the USA PATRIOT Act, which was enacted to strengthen the Bank Secrecy Act for detection and prevention of money laundering.