•  State Bank of Pakistan has signed MOUs with a number of Central banks for exchange of information and expertise, which also covers the anti-money laundering and terrorist-financing areas.
•  The banks in Pakistan were issuing Traveller Cheques in local currency called “Rupee Travellers Cheques” (RTCs) in exceptionally high denomination of up to Rs.500,000 which was not in line with the true spirit and purpose of Traveller Cheques.