All virtual points created in the economy must be backed by the balance kept in the Bank.This mechanism is very important and should be adhered by so that virtual money is not created in the economy without being backed up by physical cash in the Bank.Strict action should be taken by the banks against the agents for not following the processes.
All transactions should be monitored through an IT-based system developed by the banks.
Banks shall ensure that suspected transactions can be isolated for subsequent investigation.
Banks bear all the liabilities that arise from improper action on the part of their subsidiaries/cash points/agents/partners.
Banks need to perform periodic audits of the agent locations in order to ensure proper processes are being carried out by them.
In September 2011 Bangladesh Bank published the Mobile Financial Services (MFS) Guidelines allowing commercial banks in Bangladesh to start bank-led mobile financial services.