The “2021 Report on FINRA’s Examination and Risk Monitoring Program” combines and replaces two of FINRA’s previously published annual reports that provided analysis of prior examination results and highlighted areas the organization planned to review in the coming year.
“This report is designed to give member firms a single, authoritative source that provides insights derived both from the last year’s examinations and risk assessments and from where we have identified emerging issues for the coming year,” said Bari Havlik, FINRA’s executive vice president for member supervision.
The report includes key considerations for member firm compliance programs, noteworthy findings from recent examinations, and effective practices observed by FINRA during its oversight. It addresses 18 total regulatory areas under the following four categories: firm operations, communications and sales, market integrity, and financial management.
AML compliance
One regulatory area under the category of “firm operations” is anti-money laundering (AML) compliance, which has always been, and will remain, a hot topic for FINRA. The organization reminds compliance officers that, under…
