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 price per share in the women's microfinance share auction?
Kathmandu. Mahila Laguvitta Financial Sanstha Limited has placed 84 thousand 537 shares of founder shares for auction sale. The company has auctioned 74 thousand 246 shares in the name of founder shareholder Niru Kuthumi Rai and 10 thousand 291 sh...
Shikhar Power's IPO allotment, 24 lakh 66 thousand applicants empty handed
Kathmandu. Shikhar Power Development Limited opened the sale to the general public from February 17th to 26th, and the IPO was distributed today on March 3rd by Global IME Capital Limited, the sales manager. The company got permission from the Nep...
Egg price increased: Rs. 25 per egg for consumers, farmers still at a loss
Chitwan. As the production of eggs decreases with the summer season, the price has increased. Nepal Layers Poultry Association has increased the support price of eggs. According to the association, a farm rate of Rs 515 per crate of 930 eggs for l...
Have you seen the IPO results of Salpa Bikas Bank?
Kathmandu. Salpa Development Bank Limited has distributed the IPO issued to the general public. The company had opened the IPO sale of a total of 14 lakh 39 thousand 179 shares to the general public.
The IPO was distributed through the Gola...
Increase in the price of petroleum products
Kathmandu. The price of petroleum products has decreased. According to Nepal Oil Corporation, Indian Oil Corporation has reduced the price of diesel and kerosene while increasing the price of petrol.
The price of gold decreased, how much will be bought and sold per tola on Wednesday?
Kathmandu. Even today, the price of gold has decreased in the Nepalese market. Gold tola has fallen by Rs 900. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at Rs 2 lakh 87 thousand 100 per tola today. On...