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
The price of gold and silver fell, the price of gold continued to fall again
Kathmandu. Today the price of gold has decreased. According to the Federation of Nepal Gold and Silver Traders, the price of gold decreased by 1500 rupees per tola to 3400 rupees today. The price of gold has been falling continuously since last Mo...
Night business closed in Kathmandu from 18th
Kathmandu. Night business has been banned in Kathmandu from February 18th after 9 pm. District Administration Office Kathmandu has banned night business operations in view of the election of members of the House of Representatives to be held on Fe...
Enthusiasm in real estate business, revenue collection of 4.84 billion in the month of November alone
Kathmandu. With the opening of lots, enthusiasm has been seen in the real estate business in the month of November. According to the Department of Land Management and Records, a revenue of 4.84 billion 81 million rupees was collected from real est...
What is the exchange rate of which foreign currency on Tuesday?
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 148 rupees 71 paisa and the selling rate is 149 rupees 31 paisa. The buying rate...
The price of gold and silver decreased, how much did the tola reach?
Kathmandu. The price of gold and silver has decreased in Nepali market today. On Wednesday, the price of gold in the Nepali market decreased by 2000 rupees and the price of silver decreased by 185 rupees. According to the Nepal Gold and Silver Tra...
NEPSE decreased by 13.88 points today, turnover limited to 3.51 billion
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 13.88 points to 2581.21. During the day, 91 lakh 67 thousand 359 shares of 332 companies were bought and sold, with a turnover of 3 billion 51 crore 59 lakh shares. Tod...