due diligence Archives - Prominence Bank

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Is Prominence Bank licensed by Central Bank of the Comoros (Banque Centrale des Comores)?

March 19, 2025admin

No, Prominence Bank Corporation operates as a legally registered international financial institution under a distinct legal and financial framework. We do not fall under the regulatory authority of Banque Centrale des Comores (Central Bank of the Comoros). Our banking structure, licensing, and operational procedures comply fully with the jurisdiction in which we operate. We appreciate...

Are there risks associated with KTT transactions?

November 25, 2024admin

As with any financial transaction, KTT transfers carry some risks, particularly if the counterparties are not properly verified. Prominence Bank advises clients to conduct thorough due diligence and consult with our experts before proceeding.

General Information for Clients: Understanding KTT Transactions and Associated Risks

November 23, 2024admin

At Prominence Bank, we value transparency and appreciate the importance of sharing experiences to educate others about financial transactions. One area that requires significant caution is Key Tested Telex (KTT) transactions. While these transactions can appear promising, they often come with substantial risks that should not be underestimated. Risks of KTT Transactions: Many clients have...