Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 117

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 117
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 Government.A foreign enterprise providing certain services into Vietnam on a cross-border basis will be subject to the data storage in Vietnam and the establishment of a branch or representative office in Vietnam if such foreign enterprise falls into the required case which needs more supervision from the Vietnam Government.

Anti-money Laundering Laws

The principal statute currently governing the anti-money laundering in Vietnam is Law No. 14/2022/QH15 on Anti-money Laundering which has come into effect since March 1, 2023 (replacing Law No. 07/2012/QH13 dated June 18, 2012). Various acts in relation to the money-laundering are prohibited which includes the organizing, participating in or facilitating, assisting in the conduct of money laundering.

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Money laundering is a prohibited act and classified as a crime under Criminal Code No. 100/2015/QH13 which has come into effect since January 1, 2018 and been amended from time to time. Acts of money laundering generally includes:

| (i) | directly                                                                                                                          
 or indirectly participating in financial/banking transactions or other transactions to conceal the illegal origin of the money or 
 property obtained through their commission of a crime or obtained through another’s commission of a crime to their knowledge;     |

| (ii) | using                                                                                                                       
 money or property obtained through their commission of a crime or obtained through another’s commission of a crime to their 
 knowledge for doing business or other activities;                                                                           |

| (iii) | concealing                                                                                                                             
 information about the true origin, nature, location, movement or ownership of money or property obtained through their commission      
 of a crime or obtained through another’s commission of a crime to their knowledge or obstructing the verification of such information; 
 or                                                                                                                                     |

| (iv) | committing                                                                                                                         
 any of the offences specified in any of the above points in the knowledge that the money or property is obtained through transfer, 
 conversion of money or property obtained through another’s commission of a crime.                                                  |

Individuals convicted may be subject to fines, imprisonment of up to fifteen years and confiscation of assets. Legal entities convicted may be subject to fines, or definite or indefinite suspension of operation.

India

Companies Act, 2013

The Companies Act of 2013 is the relevant legislation relating to companies and lays down the provisions of corporate governance that must be adhered to by any company with its operations in India. The Companies Act was enacted by the Government of India with the