financial institution Archives

+(44) 208 895 6493 Mon - Fri 09:00 - 17:00 Centre Montpellier PB 788, Fomboni, Mwali, KM

Helpdesk@prominencebank.com

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financial institution

Is Prominence Bank a regulated financial institution?

March 9, 2025admin

Yes. Prominence Bank operates under the regulatory framework of the International Services Authority of Mwali, complying with international AML (Anti-Money Laundering) and KYC (Know Your Customer) policies.

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 Bank License (License No. B2019018) issued by the Autonomous Island of Mwali, part of the KM Union. Our Bank License Registrar Office is located at Centre Montpellier PB 788, Fomboni, Island of Mwali, KM.