By passing without exceptions, the Boston and San Jose offices can now boast the successful completion of 19 consecutive SOC 1 Type 2 audits.
At JTC, we believe that if you’re going to talk the talk, it’s important to walk the walk. If we tell our clients we can make their processes more secure so they can protect their clients’ funds and data, we’d better be able to prove that we’re just as secure as we promise to make them. That’s why we commission regular third-party reviews of our processes to ensure that we’re operating at the high standard we’ve set for ourselves.
Each year, dating back to when they were a part of NES Financial (acquired by JTC in 2020), the Boston and San Jose offices submit to an SOC 1 Type 2 audit, which is performed by a top accounting firm and conducted under SSAE 18, a strict compliance and controls standard. This audit reviews controls in key areas like technology, financial processes, security, and other protected data.
We’re proud to announce that for the 19th consecutive year, these offices have passed their SOC 1 Type 2 audit without exceptions. Covering services such as escrow and fund administration for Private Equity, Opportunity Zones, and the EB-5 Immigrant Investor Program, as well as Section 1031 like-kind exchanges, this audit shows that JTC is following through on its promise to offer the utmost in security for its clients.
“We subject ourselves to the highest level of scrutiny because we want to demonstrate our commitment to best practices,” said Jill Jones, JTC Head of Specialty Administration and General Counsel, USA, in the press release announcing the successful audit. “We’re ready to help our clients address the regulatory challenges and security concerns of today’s financial markets, protect investor data, and build security into every step of our administrative practices.”
