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
NEPSE closed with a double-digit decline today, trading fell to 4.71 billion
Kathmandu. On the fifth trading day of the week, NEPSE index decreased by 12.83 points and remained at the point of 2620.92. Today, 1 crore 1 lakh 53 thousand 226 shares of 342 companies were bought and sold, and 4 billion 71 crore 39 lakh shares...
Narayanghat-Butwal road: All the bridges in the eastern section have been completed
Nawalparasi All the bridges on the eastern section of the Narayanghat-Butwal road section, which the government has taken forward as a national pride, have been completed. Narayanghat-Butwal Road Plan Eastern Section has informed that 33 out of 34...
What is the exchange rate of which foreign currency on Saturday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for today. According to the fixed exchange rate, the buying rate of one US dollar is 148 rupees 39 paisa and the selling rate is 148 rupees 99 paisa. Similarly, the buy...
149 countries are open for Nepali workers, labor contracts are limited to 13
Kathmandu. Although the government has opened up 149 countries for Nepali workers, it has signed bilateral labor agreements with only 13 countries so far. With the signing of a labor agreement between Nepal and Saudi Arabia on January 11, the numb...
Foreign currency exchange rates for today published
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 150 rupees 74 paisa and the selling rate has been fixed at 151 rupees 34 pai...
Double-digit decline in NEPSE, turnover of 4.57 billion
Kathmandu. On the fifth trading day of the week, the NEPSE index decreased by 10.66 points and remained at the point of 2615.03. During the day, 1291 thousand 401 shares of 329 companies were bought and sold, resulting in a turnover of 4.57 billio...