<br />
FINANCIAL<br />
SERVICES<br />
FACULTY<br />
ICAEW.COM/FSFISSUE 123<br />
FEBRUARY 2018<br />
FSFocus<br />
DIRTY MONEY<br />
HOW ARE FIRMS<br />
DEALING WITH AML<br />
REGULATION?<br />
UNFAIR ADVANTAGE<br />
CRITIQUING THE<br />
CAPABILITY AND<br />
INNOVATION FUND<br />
THE SQUARE MILE<br />
BREXIT LOOMS, BUT<br />
THE CITY REMAINS<br />
PRE-EMINENT<br />
Forward thinking<br />
Dame Inga Beale on how she's modernising<br />
the Lloyd's of London market<br />
MOVING YOUR FLEET FORWARD<br />
WITH THE UK'S MOST TECHNOLOGICALLY ADVANCED SMALL CAR<br />
P11D BIK C02 COMBINED MPG<br />
£21,520-£12,970 22%-18% 118-82g/km 54.3-88.3<br />
Official fuel consumption figures in mpg (l/100km) for the All-New Ford Fiesta range: urban 40.9-80.7 (6.9-3.5),<br />
extra urban 67.3-94.2 (4.2-3.0), combined 54.3-88.3 (5.2-3.2). Offici<a title="FS Focus FEBRUARY 18 page 1" href="https://secure.viewer.zmags.com/publication/34220863?page=1"> FINANCIAL SERVICES FACULTY ICAEW.COM/FSFISSUE 12</a>
<a title="FS Focus FEBRUARY 18 page 2" href="https://secure.viewer.zmags.com/publication/34220863?page=2"> MOVING YOUR FLEET FORWARD WITH THE UK'S MOST TEC</a>
<a title="FS Focus FEBRUARY 18 page 3" href="https://secure.viewer.zmags.com/publication/34220863?page=3"> February 2018 Issue 123 COVER PHOTOGRAPHY: TOM C</a>
<a title="FS Focus FEBRUARY 18 page 4" href="https://secure.viewer.zmags.com/publication/34220863?page=4"> WELCOME Executive stress Like many of you,</a>
<a title="FS Focus FEBRUARY 18 page 5" href="https://secure.viewer.zmags.com/publication/34220863?page=5"> N E EWS & VENTS CHAIRMAN'S REPORT: INSURANCE CO</a>
<a title="FS Focus FEBRUARY 18 page 6" href="https://secure.viewer.zmags.com/publication/34220863?page=6"> NEW ANA GETTY S LYSIS FOREIGN BANKS TAKE A T</a>
<a title="FS Focus FEBRUARY 18 page 7" href="https://secure.viewer.zmags.com/publication/34220863?page=7"> was by far the most worrying aspect of the tax pa</a>
<a title="FS Focus FEBRUARY 18 page 8" href="https://secure.viewer.zmags.com/publication/34220863?page=8"> SMITH UPFRONT The more y</a>
<a title="FS Focus FEBRUARY 18 page 9" href="https://secure.viewer.zmags.com/publication/34220863?page=9"> AV </a>
<a title="FS Focus FEBRUARY 18 page 10" href="https://secure.viewer.zmags.com/publication/34220863?page=10"> KNOWING YOUR CUSTOMER'S CUSTOMER Rules against m</a>
<a title="FS Focus FEBRUARY 18 page 11" href="https://secure.viewer.zmags.com/publication/34220863?page=11"> MONEY LAUNDERING Knowing your customer is vital</a>
<a title="FS Focus FEBRUARY 18 page 12" href="https://secure.viewer.zmags.com/publication/34220863?page=12"> MONEY LAUNDERING “YOU CHECK ON THE PEOPLE WHO C</a>
<a title="FS Focus FEBRUARY 18 page 13" href="https://secure.viewer.zmags.com/publication/34220863?page=13"> TAKING TIME OUT Parental leave is a hot topic in </a>
<a title="FS Focus FEBRUARY 18 page 14" href="https://secure.viewer.zmags.com/publication/34220863?page=14"> After losing its crown in 2017 to China, India is</a>
<a title="FS Focus FEBRUARY 18 page 15" href="https://secure.viewer.zmags.com/publication/34220863?page=15"> issues. The feasibility of a UK-India fintech bri</a>
<a title="FS Focus FEBRUARY 18 page 16" href="https://secure.viewer.zmags.com/publication/34220863?page=16"> 16 </a>
<a title="FS Focus FEBRUARY 18 page 17" href="https://secure.viewer.zmags.com/publication/34220863?page=17"> COVER STORY “We are effectively mo</a>
<a title="FS Focus FEBRUARY 18 page 18" href="https://secure.viewer.zmags.com/publication/34220863?page=18"> It was a big, steep learning curve and quite inte</a>
<a title="FS Focus FEBRUARY 18 page 19" href="https://secure.viewer.zmags.com/publication/34220863?page=19"> “Looking back, this is the thing I'm most proud o</a>
<a title="FS Focus FEBRUARY 18 page 20" href="https://secure.viewer.zmags.com/publication/34220863?page=20"> Fine-tune your pension Let us help you get the mo</a>
<a title="FS Focus FEBRUARY 18 page 21" href="https://secure.viewer.zmags.com/publication/34220863?page=21"> TECHNICAL: INVESTMENT MANAGEMENT THE INVE</a>
<a title="FS Focus FEBRUARY 18 page 22" href="https://secure.viewer.zmags.com/publication/34220863?page=22"> STRESS RELIEF? The banking sector is in good hea</a>
<a title="FS Focus FEBRUARY 18 page 23" href="https://secure.viewer.zmags.com/publication/34220863?page=23"> A SEVERE SCENARIO The 2017 ACS was more severe th</a>
<a title="FS Focus FEBRUARY 18 page 24" href="https://secure.viewer.zmags.com/publication/34220863?page=24"> A decade after the crisis began, and almost 20 ye</a>
<a title="FS Focus FEBRUARY 18 page 25" href="https://secure.viewer.zmags.com/publication/34220863?page=25"> MITCH BLUNT/IKON their low default nature, and s</a>
<a title="FS Focus FEBRUARY 18 page 26" href="https://secure.viewer.zmags.com/publication/34220863?page=26"> SOMETHING TO SHOUT ABOUT IFRS 17 is stirring up </a>
<a title="FS Focus FEBRUARY 18 page 27" href="https://secure.viewer.zmags.com/publication/34220863?page=27"> applied at the same time. The data will need to b</a>
<a title="FS Focus FEBRUARY 18 page 28" href="https://secure.viewer.zmags.com/publication/34220863?page=28"> TECHNICAL: REFERENCE TECHNICAL DIRECTORY A round</a>
<a title="FS Focus FEBRUARY 18 page 29" href="https://secure.viewer.zmags.com/publication/34220863?page=29"> CONNECTIONS MADE MORE REWARDING </a>
<a title="FS Focus FEBRUARY 18 page 30" href="https://secure.viewer.zmags.com/publication/34220863?page=30"> PEOPLE IN FOCUS RANDELL APPOINTED TO CHAIR TH</a>
<a title="FS Focus FEBRUARY 18 page 31" href="https://secure.viewer.zmags.com/publication/34220863?page=31"> PEOPLE potential patterns or trends in transa</a>
<a title="FS Focus FEBRUARY 18 page 32" href="https://secure.viewer.zmags.com/publication/34220863?page=32"> T B ID CPD A NEW JOURNEY Chris Evans tal</a>
<a title="FS Focus FEBRUARY 18 page 33" href="https://secure.viewer.zmags.com/publication/34220863?page=33"> PEOPLE the election of Trump – the corporate</a>
<a title="FS Focus FEBRUARY 18 page 34" href="https://secure.viewer.zmags.com/publication/34220863?page=34"> UNFOCUSED THEY SAID IT... BUFFETT'S BI</a>
<a title="FS Focus FEBRUARY 18 page 35" href="https://secure.viewer.zmags.com/publication/34220863?page=35"> </a>
<a title="FS Focus FEBRUARY 18 page 36" href="https://secure.viewer.zmags.com/publication/34220863?page=36"> With Hiscox Home Insurance there is no need to ac</a>