Oversight

AET operates as a Nevada-chartered trust company under Nevada Financial Institutions Division (FID) authority.

Charter & Supervision

American Estate & Trust (AET) operates as a Nevada-chartered trust company under Nevada Financial Institutions Division (FID) authority per Nevada Revised Statutes Chapter 669. The company maintains regulatory oversight through ongoing supervision, bonding, and audit requirements.

AET's license authorizes custodian activities and trust asset management. Required compliance includes:

→Minimum capital and liquidity reserves
→Fidelity bonding per NRS 669.240
→Periodic regulatory examinations covering financial condition, management, and internal controls
→Board oversight meeting "fit-and-proper" standards

Corporate Governance

AET maintains formal governance including:

→Board of Directors overseeing strategy, compliance, and audit findings
→Documented escalation channels for compliance and security matters
→Annual policy review across AML/BSA, IT security, business continuity, and vendor management

Examinations & Audits

Beyond FID examinations, AET undergoes:

→Annual financial audits by certified public accountants
→SOC I Type II examinations of internal controls
→Compliance reviews of BSA/AML and OFAC programs
→Internal risk assessments reported to the Board

What Oversight Means in Practice

Being Nevada-chartered means AET receives periodic state regulatory examinations, must demonstrate financial soundness and compliance, and its executives and directors are individually vetted.