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
Resumption of interest subsidy on subsidized loans, payment of Rs. 10.58 billion by Rashtra Bank
Kathmandu. Nepal Rastra Bank has paid 10.58 billion rupees to 50 banks and financial institutions for concessional loan interest subsidy. The government has resumed the payment of the subsidy, which was stopped due to the abuse of concessional loa...
The price of gold increased suddenly, how much per tola will be traded on Friday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has increased by 2 thousand 100 rupees. According to the Nepal Gold and Silver Traders Federation, today, gold has been fixed at 267,800 rupees per tola.
On the oth...
30.02 points decline in NEPSE, turnover of 4.9 billion
Kathmandu. On the first trading day of the week, the stock market NEPSE index fell by 30.02 points to 2566.09. On NEPSE, 10.6 million 19 thousand 180 shares of 323 companies were bought and sold, and over 4.9 billion shares were traded. Today, whi...
The price of gold and silver decreased, how much did the tola reach?
Kathmandu. The price of gold and silver has decreased in Nepali market today. On Wednesday, the price of gold in the Nepali market decreased by 2000 rupees and the price of silver decreased by 185 rupees. According to the Nepal Gold and Silver Tra...
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 determined exchange rate, the buying rate of one US dollar is 146 rupees 6 paisa and the selling rate is 146 rupees 66 paisa.
The b...
Here are the foreign currency exchange rates for today
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 149 rupees 64 paisa and the selling rate is 150 rupees 24 paisa. Similarly,...