Latest Asset (Money) Laundering Prevention Act News & Updates

Nepal Imposes NPR 500,000 Cash Transaction Limit

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Kathmandu, Jan 10 (IANS) The Nepali government has imposed a limit of NPR 500,000 on cash transactions for the purchase or sale of goods and services in a single transaction, effective from January 15. “Any individual, firm, company, or institution must carry out the purchase or sale of any service or goods, or any other transaction amounting to NPR 500,000 or more in a single transaction through a financial institution or banking instrument, given the capping of cash transactions,” the gove…