financial institution Archives

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financial institution

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...

Is Prominence Bank a regulated financial institution?

March 9, 2025admin

Yes. Prominence Bank is a fully regulated financial institution operating under Foreign Jurisdiction License No. 05052025-A, issued by the sovereign State of SCNRFP. The license is authorized by the Theocracy Government. Prominence Bank adheres to strict international compliance standards, including Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols. These policies are integral to our...

Does the bank sign a PGL or BPU after the DOA is executed with an account holder?

March 1, 2025admin

No, Prominence Bank does not sign Purchase Guarantee Letters (PGL) or Bank Payment Undertakings (BPU) after the execution of a Deed of Agreement (DOA) with an account holder. These agreements are strictly between the transacting parties. We recommend that clients consult with their legal and financial advisors to ensure full compliance with all regulations before...

Where is Prominence Bank located?

March 1, 2025admin

Prominence Bank operates under a Class ‘A’ Full International Banking License (License No. 05052025-A) issued by the sovereign government of the State of SCNRFP. The bank is authorized to conduct global banking operations through SCNRFP’s Foreign Jurisdiction Diplomatic Territories and Extraterritorial Trade Mission Offices (ETMO). All licensing matters are managed under the authority of the...