This is the new content added in Law No. 12/2017/QH14 amending and supplementing the Penal Code 2015, officially passed by the National Assembly Session XIV, 3rd meeting on June 20, 2017.
To be specific: to add "The offense of violating regulations on business using the multi-level marketing method" to Article 217 of the Penal Code 2015.
Any individual who organizes multi-level marketing activities without a multi-level sales operation registration certificate (referred to as GCN) or in contradiction with the contents of the GCN shall be subject to a maximum penalty of 5 years in prison.
In addition, the offender may also be fined from 100 million to 500 million VND, prohibited from practicing certain professions or doing specific jobs for 01 to 05 years.
The offense of violating regulations on multi-level marketing mentioned above does not fall under the cases of Article 174 (Offense of fraudulent appropriation of property) and Article 290 (Offense of using computer networks, telecommunications networks, or electronic means to commit acts of appropriation of property) of the Penal Code 2015.
Law No. 12/2017/QH14 officially takes effect from January 01, 2018.
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