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ARTICLE · 20 JANUARY 2023

Financial Crimes Makes Debut In FINRA Annual Priorities Preview

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FINRA punctuated its annual post-New Year's Report on FINRA's Examination and Risk Monitoring Program (the "Report"), by including a new target category "Financial Crimes."

United StatesTechnology
Jeff Kern
Jeff Kern
Elizabette Privat
Elizabette Privat
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FINRA punctuated its annual post-New Year's Report on FINRA's Examination and Risk Monitoring Program (the "Report"), by including a new target category "Financial Crimes." The inclusion of this category is noteworthy not only for its newness but also because FINRA, as a non-governmental self-regulatory organization, does not have authority to prosecute criminal activity.

The annual Report, colloquially known as FINRA's priorities letter, is designed to provide insight on FINRA's examination and risk monitoring program. As such, it acts as an up-to-date, evolving resource for member firms that identifies relevant rules relating to specific topics, highlights key considerations for compliance programs, summarizes noteworthy findings, outlines effectives practices observed through FINRA's oversight activities and provides additional resources that may be helpful to member firms in reviewing their supervisory procedures and controls. The 2023 edition is comprised of

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