Phu Nhuan Jewelry Joint Stock Company had case transferred to the Ministry of Public Security and was fined over VND 1.3 billion

Phu Nhuan Jewelry Joint Stock Company (PNJ; HoSE: PNJ) had information regarding violations of invoice, accounting document, and tax regulations with signs of criminal offenses transferred to the Ministry of Public Security for verification, investigation, and handling by the State Bank of Vietnam (SBV). This decision was made on May 29 following an inspection into the company's compliance with gold trading policies and laws. PNJ was also administratively fined a total of over VND 1.3 billion for multiple violations of laws concerning reporting requirements for gold trading and anti-money laundering activities. Violations included issuing incomplete internal regulations, failing to categorize customers by risk level, submitting incomplete reports, not reporting large-value transactions, and violating regulations on issuing sales invoices at the incorrect time.

Phu Nhuan Jewelry Joint Stock Company (PNJ; HoSE: PNJ) had information regarding violations of invoice, accounting document, and tax regulations with signs of criminal offenses transferred to the Ministry of Public Security for verification, investigation, and handling by the State Bank of Vietnam (SBV). This decision was made on May 29 following an inspection into the company's compliance with gold trading policies and laws. PNJ was also administratively fined a total of over VND 1.3 billion for multiple violations of laws concerning reporting requirements for gold trading and anti-money laundering activities. Violations included issuing incomplete internal regulations, failing to categorize customers by risk level, submitting incomplete reports, not reporting large-value transactions, and violating regulations on issuing sales invoices at the incorrect time.

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