On Aug 04 2015 by Daniel B. Lundy

NES Financial Solutions Partners With Klasko’s EB-5 Compliance Practice To Serve EB-5 Regional Centers

We are proud to announce that NES Financial named Klasko Compliance as an official NES Medallion Solutions Partner on July 29, 2015.

In response to increased government and media scrutiny of the EB-5 program, the dramatic growth of the EB-5 program and the number of regional centers and EB-5 projects that are approaching the deadline for filing I-829 petitions, regional centers must have systems in place to produce the supporting documentation needed by their investors.  Klasko Immigration Law Partners, LLP and NES Financial have each developed solutions intended to provide regional centers and EB-5 projects with EB-5 Compliance options for minimizing their regulatory risks, ensuring accurate document and data collection and retention, and ensuring that their investors successfully complete the I-829 process and obtain their unconditional permanent residence.  These solutions are particularly timely, given the anticipation of increased regulatory oversight of the program as a result of reauthorization.

Our practice group, Klasko Compliance, works with regional centers and project developers in all aspects of EB-5 immigration compliance. We provide the support, knowledge, and experience that is critical to regional centers, project developers, and investors, since it relates to the ability of the regional center to remain in compliance with USCIS guidelines and policies and maintain their designation as a regional center, and to the ability of project developers to be in a position to meet the needs of investors in the critical condition removal process.

The NES Financial EB-5 Fund Administration and Immigration Workflow Solutions facilitate the critical tracking of information and maintenance of documentation through the entire immigration life cycle to streamline the operational processes necessary for EB-5 compliance.

Together, the NES Financial EB-5 Fund Administration and Immigration Workflow Solutions and the Klasko Compliance EB-5 compliance solutions provide regional centers and project developers with a powerful tool for maintaining and documenting compliance with the EB-5 requirements.

As a NES Medallion Solutions Partner, we join with NES Financial in an effort to:

  • Raise awareness of the compliance obligations of EB-5 developers and regional centers;
  • Promote the integrity of the EB-5 Program by promoting transparency and accountability in the tracking of financial transactions and setting minimum standards for auditing and reporting; and
  • Promote EB-5 Compliance best practices.

Through our Medallion Solutions Partnership, Klasko Compliance and NES Financial are able to offer comprehensive state-of-the-art technology, financial transaction services and industry leading legal compliance experience in order to maximize our clients’ project-management capacities while minimizing their EB-5 compliance risk. In joining the technology, software, systems, and services of NES Financial with the immigration law and EB-5 compliance experience of Klasko, together we provide our clients industry best practices and the tools necessary to avoid liabilities, maintain regional center designation and secure the successful removal of conditions on investors’ green cards.