One such initiative by the Reserve Bank was mandating additional factor of authentication for all card not present (CNP) transactions. Banks have been advised that all new debit and credit cards to be issued only for domestic usage unless international use is specifically sought by the customer. Such cards enabling international usage will have to be essentially EMV Chip and PIN enabled.
Further collaboration is attained through the implementation of the National Anti-Money Laundering and Countering the Financing of Terrorism Strategy for 2018 to 2022 (NACS), which adopts a whole-of-government and a high-level approach against money laundering and terrorism financing. 2/2  BIS central bankers' speeches