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
Import of petroleum products worth four billion 48 crores from Kankarbhitt
Bhadrapur. In the first quarter of the current fiscal year 2082 and 083, petroleum products worth four billion 48444568 thousand have been imported from Kankarvitta through the eastern border. Petrol, diesel, LP gas, ATF, kerosene have been import...
Contracts of 25 construction companies that did not work according to the contract were terminated
Kathmandu. The government has terminated the contract with 25 construction companies that did not complete the construction as per the contract. Federal Road Supervision and Monitoring Office Kathmandu under the Road D...
The price of gold increased, how much did it reach per tola?
Kathmandu. The price of gold increased on Sunday. According to the Nepal Gold and Silver Traders Federation, today the price of gold has increased by Rs 2,300 per tola.
Along with this, on Sunday, the price of Chhapawal gold has remain...
Why did those who protested yesterday take a loan today?
Kathmandu. CPN-UML General Secretary Shankar Pokharel has raised questions regarding the current government's duplicitous nature regarding foreign loans. He says that those who criticized foreign loans in the past are now taking large amounts of l...
Yambaling Hydropower will issue an IPO to the general public from May 16
Kathmandu. Yambaling Hydropower Company Limited is going to issue an IPO to the general public from the 16th of Baisakh. In the first phase, after distributing the IPO to project-affected and foreign employed Nepalis, the second phase is to issue...
The government will give 25,000 per family displaced from the river banks of the valley
Kathmandu. The government has decided to provide a lump sum of Rs 25,000 as a relief to the families who will be displaced after the removal of hazardous settlements on the banks of various rivers in Kathmandu Valley. The cabinet meeting held at S...