Money Laundering Act has been amended to prevent complaints from becoming a weapon: Finance Minister Wagle
-
Media Baaji
- Wed, 8 July 2026
Kathmandu. The government has amended the controversial provision made through an ordinance in the Prevention of Asset Laundering and Money Laundering Act and returned it to the old legal system. Finance Minister Dr. Swarnim Wagle has said that some of the provisions introduced through the ordinance have been corrected after concluding that some of the provisions were overreached more than expected.
Speaking at the Legislation Management Committee meeting on Wednesday, Finance Minister Wagle clarified that although the ordinance was introduced with the aim of making the legal framework against money laundering effective, it had to be amended as there was a risk that it could be misused unexpectedly.
Express
Related News
Due to lack of cooking gas in the market, the corporation started sales and distribution from the central office
Kathmandu. After increasing complaints about lack of cooking gas LPG in the market, Nepal Oil Corporation has started sales and distribution of gas for general public from its central office in Teku. After receiving continuous complaints from the...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 147 rupees 50 paisa and the selling rate is 148 rupees 10 paisa.
Similarly...
The price of gold continues to rise, how much did it reach per tola on Monday?
Kathmandu. The price of gold in the Nepalese market is constantly on the rise. Today only gold has increased by 1 thousand 900 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being traded at...
What is the exchange rate of which foreign currency on Friday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate for today, the buying rate of one US dollar is 143 rupees 65 paisa and the selling rate is 144 rupees 25 paisa.
What is the exchange rate of which foreign currency on Saturday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the exchange rate set for today, the value of the US dollar has increased again. According to the fixed exchange rate, the buying rate of one...
NEPSE decreased by 28.92 points throughout the week, how much is the transaction on which day?
Kathmandu. This week, NEPSE index decreased by 28.92 points and reached 2642.15 points. The NEPSE, which closed at 2671.07 points last week, decreased by 28.92 points to 2642.15 points this week. The market was open for two trading days this week....