FCA amends FCA FG25/3: Revision of who should be treated as a PEP for AML purposes By Simon Lovegrove (UK) on July 17, 2025 On 15 July 2025, the Financial Conduct Authority amended Finalised Guidance 25/3: The treatment of politically exposed persons for anti-money laundering purposes by adding guidance to clarify that firms should not treat non-executive board members of UK civil-service departments as a politically exposed persons.