A task force has been formed to combat illegal activities such as terrorist financing, money laundering, and other illegal practices that jeopardize financial integrity in countries around the world. The Financial Action Task Force, or FATF, is the name of the Task Force. the then Hon. Bishnu Paudel, Nepal’s finance minister, stated in 2014 that …
E-money / Digital Currency, Virtual Currency, Cryptocurrency Virtual currency can be traded electronically, real money or fiat currency), issued by the private sector and lacking Legal Tender Status, and can be viewed as Speculative Assets without State Support. There are two kinds of virtual currency. A centralized virtual currency has a single administrator who sets …
If you would like to learn about blacklisting process in Nepal and the legal actions from the public procurement monitoring office then see the below procedures and legal aspects of blacklisting process. What exactly is blacklisting ? Black listing is the practice of compiling a list of debtors and those associated with financial wrongdoing in …
In Nepal, banking fraud is on the rise. The patent system has undergone a revolution as a result of modernization. People no longer carry paper money these days. Even a small vegetable vendor uses a QR Code to accept payment. This article examines banking fraud that occurs around the world and defines the legal remedies …
The principles established by a court’s decision are known as precedent. The legal concept established by the court in respect to hearing and determining cases is known as precedent. Unless reversed by a court of law, rule, or decision, precedent-setting ideas become required and binding. There can be no decision issued against the precedent, and …