Police Colonel Seehanat Prayoonrat, AMLO Secretary-General attended the Plenary meeting of trhe FATF between 17 – 19 February 2016 in Paris, France. The outcomes of the meeting were as follows:

I. The FATF Plenary Meeting approved a Consolidated FATF Strategy on Combating the Terrorist Financing which focus on enhancing effective

   exchange of information and assessing and improving implementation of counter terrorist financing measures.

II. Two public documents identifying jurisdictions that may pose a risk to the international financial system were as follows:

- Jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies for which a call for

  action applies.

- Jurisdictions with strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.

III. The FATF granted full membership to Malaysia at this Plenary.

IV. The FATF issued an updated Guidance on the Risk-Based Approach for Money or Value Transfer Services (MVTS).This guidance will

     assist countries and their competent authorities, as well as the practitioners in the MTVS sector      and in the banking sector that have

     or are considering MVTS providers as customers, to apply the risk-based approach to the development of measures to combat money

     laundering and terrorist financing for the MVTS sector.

V. The FATF is closely following developments on de-risking by financial institutions, and is prioritising its work to give guidance on the proper

    implementation of the risk-based approach, including in the correspondent banking context.