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 the American and Australian dollar fell, the price of the euro, pound and dinar also fell at a high rate!
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for today. Today, the exchange rates of all foreign currencies, including the US dollar, Australian dollar, Euro, pound, Kuwaiti and Bahraini dinars, have fallen a...
The value of the US dollar is at an all-time high
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the value of the US dollar has reached its highest point so far. According to the determined exchange rate, the buyi...
The country's public debt exceeded 28 trillion, added 1 trillion 32 billion in 6 months
Kathmandu. Nepal's public debt has exceeded 28 trillion. At the beginning of the current fiscal year 2082,83, the total public debt was 26 trillion 74 billion 4 billion rupees, by the end of March, it increased by 1 trillion 32 billion 34 billion...
Foreign Currency Exchange Rate: Selling rate of US Dollar is 152 rupees 31 paise
Kathmandu. Nepal Rastra Bank has announced the new exchange rate of foreign currency for today. According to the rate determined by the Central Bank, the buying rate of one US dollar has been fixed at 151 rupees 71 paisa and the selling rate of 15...
Shikhar Power Development Limited releasing IPO for general public from February 17th
Kathmandu. Shikhar Power Development Limited is going to open the initial public issue IPO from February 17. The company has announced that it is going to issue a total of 18 lakh 42 thousand 600 ordinary shares to the general public. Out of the t...
Preparation for regular flights from Kathmandu to Dhaka
Kathmandu. Nepal Air Service Corporation has prepared to fly directly from Kathmandu to Dhaka, the capital of Bangladesh in the near future. The Corporation has started the necessary preparations and has formed a Feasibility Study Sub-Committee fo...