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
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 determined exchange rate, the buying rate of one US dollar is 146 rupees 6 paisa and the selling rate is 146 rupees 66 paisa.
The b...
Development expenditure only 23.58 percent in nine months
Kathmandu. In the nine months of the current fiscal year 2082/83, the government has spent about 54 percent of the budget. The government had brought a budget of 19 trillion 64 billion rupees for the current financial year. Out of that, the govern...
Bringing casinos into more legal ambit, the department issued a 12-point directive
Kathmandu. The government has issued various 12-point directives with the aim of bringing the casino, which is a commercial entertainment sector, under more legal scope. The Department of Tourism under the Ministry of...
This is the foreign exchange rate
The Kathmandu. Nepal Rastra Bank has fixed the exchange rate of foreign currency for today. According to the National Bank, the buying rate of US dollar has been fixed at 152 rupees 31 paise and selling rate at 152 rupees 91 paise. The Australian...
IPO of Super Khudi Hydro worth 1 lakh 28 thousand is open from February 5
Kathmandu. Super Khudi Hydropower Limited is going to issue an IPO for the general public from Monday 5th February to Sunday 10th February. Earlier, it was said that the issue would be opened from February 4th, but the said date has been shifted o...
An increase of 27.19 points in NEPSE, turnover above 11.58 billion
Kathmandu. On the fifth trading day of the week, the NEPSE index increased by 27.19 points to 2708.70. Today, 35.55 million 74 thousand 627 shares of 326 companies were bought and sold, and 11.58 billion 28 million shares were traded. Today, while...