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...
Study report of Kerung-Kathmandu railway line prepared
Kathmandu. The Chinese side is going to submit the feasibility study report of the long-awaited Kathmandu-Kerung inland electric railway connecting Nepal and China within the next one and a half months. In a presentation held at the Ministry of Ph...
The value of the US dollar, Euro and Australian dollar has increased, such is the exchange rate
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 147 rupees 92 paisa and the selling rate is 148 rupees 52 paisa. On Wednesda...
Exchange rate, dollar and euro value stable
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currency for Saturday. According to the updated information published by the Central Bank, the buying rate of one US dollar has been fixed at 151 rupees 62 paisa and...
Fall in the price of gold, now how much per tola?
Kathmandu. The price of gold has decreased in Nepali market today. Gold tola has fallen by 1 thousand 400 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at Rs 2 lakh 84 thousand 400 per tola today....
The price of gold decreased, how much per tola on Friday?
Kathmandu. Today, the price of gold in the Nepali market is falling. Gold has decreased by Rs 500 tola. According to the Federation of Nepal Gold and Silver Traders, today the price of gold is trading at Rs 3 lakh 14 thousand 900 per tola.
O...