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 foreign exchange rate on Saturday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. Fixed exchange rate The buying rate of one US dollar is 148 rupees 07 paisa and the selling rate is 148 rupees 67 paisa. Similarly, the buying rate of the...
Nepal Rastra Bank is issuing 25 billion bonds today
Kathmandu. Nepal Rastra Bank today is going to issue 'Nepal Rastra Bank Bond 2084' with a one-year period worth 25 billion. The Monetary Management Department of the National Bank has issued a notification and said that it is going to issue the bo...
Gold prices fell modestly, while silver rose
Kathmandu. On Thursday, the price of gold in the Nepalese market has decreased. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has decreased by Rs 100 per tola to Rs 3 lakh 6 thousand 500 per tola. Earlier on...
Friday's exchange rate: Kuwaiti dinar is the most expensive, which currency is worth?
Kathmandu. Nepal Rastra Bank has announced the new exchange rate of foreign currency for Friday, February 8. According to the new rate set by the bank, the price of the US dollar has increased today and the buying rate of one dollar has remained a...
Determining the limit of internal debt for the next financial year
Kathmandu. The National Natural Resources and Finance Commission has determined the limit of internal debt that can be taken by the union, state and local levels for the next fiscal year 2083, 84. Based on macroeconomic conditions, revenue trends,...
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...