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
Medical service agreement concluded between National Life and Grandi International Hospital
Kathmandu. National Life Insurance Company Limited, the first life insurance company in the private sector, which has been successful in making its own unique identity in the life insurance business for the past 37 years with attractive bonus rate...
Tax arrears are coming up: The remaining amount has reached 94.95 billion
Kathmandu. In recent years, the outstanding tax arrears in Nepal have started to pile up. According to the Internal Revenue Department, by the end of the financial year 2081 and 2082, the outstanding amount including i...
In one day, gold rose by 7,000 tolas and set a new record, how many tolas will be traded today?
Kathmandu. The price of gold in the Nepalese market has reached a historic high. Gold has increased by 7 thousand 100 rupees in a single day and has reached its highest price so far.
According to the Nepal Gold an...
What is the exchange rate of foreign currency on Saturday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the buying rate of one US dollar has been fixed at 141 rupees 70 paisa and the selling rate h...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Sunday. According to the fixed exchange rate, the buying rate of one US dollar is 144 rupees 37 paisa and the selling rate is 144 rupee...
North City Multipurpose to Issue IPO
Kathmandu: North City Multipurpose Limited has called its first annual general meeting on Monday, Jestha 11, at 3:00 p.m. at the company’s office in Tokha-10, Kathmandu, to pass a proposal to issue an IPO. The meeting will authorize the board of d...