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Legitimizing Money Laundering through Law!
February 17, 2023 07:00 am
The recent move by the government to table a bill in parliament with the aim to amend the law and legalize unsourced wealth is a gross violation of international best practices in curbing money laundering. The proposed amendment, which would allow those with illegally acquired wealth to legitimize their assets by paying taxes, is a backward step in Nepal's fight against corruption.
Govt presents bill in parliament that, if passed, will help legalize illegal wealth
February 16, 2023 16:35 pm
KATHMANDU, Feb 16: The government has proposed to amend the law so as to legalize unsourced wealth by paying tax. A bill has been presented in parliament to amend some laws related to the 'Prevention of Money Laundering and Promotion of Business Environment' to help legitimize the wealth illegally earned by top politicians, businessmen and corrupt government employees.
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