Banking Offense and Punishment Act 2064: Enhancing Financial Integrity in Nepal
The Banking Offense and Punishment Act 2064 is a pivotal legislation designed to protect Nepal's banking and financial systems from fraud, misuse, and systemic risks. It outlines offenses such as unauthorized account handling, fraudulent withdrawals, misuse of credit, and unauthorized loan activities. By promoting transparency and accountability, the Act ensures ethical conduct among customers, employees, and financial institutions. It establishes legal safeguards to deter malpractices and build public trust, thereby strengthening Nepal's financial stability and economic resilience.