The Financial Services Authority (FSA) does not issue detailed anti-money laundering guidance.The Joint Money Laundering Steering Group (JMLSG), a consortium of financial services industry bodies, produces guidance for financial sector businesses in the UK. Their latest guidance was approved by the Chancellor of the Exchequer in December 2007. The JMLSG guidance includes material on terrorist financing and money laundering, including the risks presented by politically exposed persons, and recommends best practice in managing those risks.This guidance is available from their website at:"www.jmlsg.org.uk"When undertaking their statutory duty to supervise financial sector firms compliance with the Money Laundering Regulations 2007, the FSA will have regard to whether firms have taken the JMLSG guidance into account.