Japan’s Client Affairs Company has issued sanctions towards Riway.
From August third, Riway is prohibited from working in Japan for six months.
The CAA’s resolution was issued following commentary of “chain gross sales transactions”, in violation of Japan’s Business Transactions Legislation.
I take it “chain gross sales transactions” refers to Riway working as a pyramid scheme.
Over the six months suspension interval, Riway has been ordered to ‘take measures to forestall recurrence and set up a compliance system’ to forestall future violations.
Riway Japan’s Director and Common Supervisor, Lin Yuan and Chen Jiankin respectively, have additionally been sanctioned.
The pair are forbidden to personal, function or promote an MLM enterprise till until February 2022.
Japan taking regulatory motion follows Singapore prosecuting Riway in July.
The Well being Sciences Authority took Riway to court docket over repeated situations of unlawful medical claims.