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 exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 142 rupees 84 paisa and the selling rate is 14...
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 146 rupees 13 paisa and the selling rate is 146 rupees 73 paisa.
Sim...
Government's priority in building high capacity transmission lines
Kathmandu. The government has announced a deadline for constructing high-capacity transmission lines to deliver the produced electricity to the major load centers, sell and distribute excess electricity at the regional and sub-regional levels.
...
Gold price declines, how much per tola on Sunday?
Kathmandu. The price of gold has decreased in the Nepali market today. Gold has fallen by Rs 1,000 per tola. According to the Nepal Gold and Silver Dealers' Federation, gold is being bought and sold today at Rs 295,100 per tola.
Meanwhile, t...
Public debt reached 58 trillion
Kathmandu. The share of public debt in GDP has reached 47.13 percent. As the government took 28 trillion 78 billion rupees in public debt till the end of February of the current financial year, its ratio to GDP has increased. According to the Publ...
The Employment Service Center will now be transformed into an 'Employment, Skills and Entrepreneurship Centre'
Kathmandu. The government has started the process of transforming the employment service centers at the local level across the country into 'employment, skills and entrepreneurship centres'. The Ministry of Youth, Labor and Employment issued a pre...