Money Laundering Act has been amended to prevent complaints from becoming a weapon: Finance Minister Wagle

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

Special discount for NMB Bank customers at Medanta Hospital in India

Kathmandu. NMB Bank has arranged a special health service discount at Medanta Hospital in India for its Visa debit and credit card holders. With this collaboration, customers can now get attractive discounts on various healthcare services at Medan...

Why did those who protested yesterday take a loan today?

Kathmandu. CPN-UML General Secretary Shankar Pokharel has raised questions regarding the current government's duplicitous nature regarding foreign loans. He says that those who criticized foreign loans in the past are now taking large amounts of l...

What is the regulation rate of which foreign currency on Thursday?

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 149 rupees 78 paisa and the selling rate is 150 rupees 38 paisa. Similarly, the...

Exchange rate of foreign currency Dollar, pound and the currency of the Gulf countries at what price is being bought and sold?

Kathmandu. Nepal Rastra Bank has published the official exchange rate of foreign currencies for Monday. According to the information published by the Central Bank, today the buying price of one US dollar is 152 rupees 04 paisa and the selling pric...

The Electricity Authority will provide employment to eight more people from the Shaheed family

Kathmandu. The Nepal Electricity Authority has decided to provide employment to eight more family members who were martyred during the Genji movement. Chairman of the Board of Directors and Minister of Energy, Water Resources and Irrigation Virajb...

What is the exchange rate of which foreign currency on Wednesday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 144 rupees 78 paisa and the selling rate is 145 rupees 38 paisa. Similarly,...