International Banking Licenses with Crypto Services
The Anjouan Offshore Finance Authority has certain requirements for a Banking License to be satisfied by all offshore banks, namely the Banking Law.
The OFA has certain requirements for a Banking License to be satisfied by all offshore banks, namely the Banking Law. The key features of the Law are as follows:
The Law establishes a licensing regime for banks and savings institutions; licenses which are issued by the OFA are for offshore banks only.
A Bank must inform the OFA about any change in its share ownership.
Banking Licenses
An International banking License (Class B) is the only Banking License offered in Anjouan and is an offshore banking license granted, by the OFA . This is a full-unrestricted Banking license, for all Banking services outside of Anjouan, Union of Comoros. It encompasses banking business and investment banking business conducted in all major foreign currencies. Services such as fund administration, custodial services, trusteeship, international portfolio management, money market and other treasury operations may be undertaken by an offshore bank.
Formation
Forming a bank is a relatively quick process due to the lack of bureaucracy. Approval can be granted swiftly if the necessary requirements are met. There are no requirements for local offices or staff, although we would suggest that all companies have this facility which can be arranged at a minimal cost. Application for permission for a banking licence should be made to the OFA after an IBC is obtained after completing an Application Form from the Registrar of International Businesses.
KYC and Due Diligence
Please submit the following documents for each of the Beneficial Owner (UBO), Director, Manager, Authorized Signatory, Shareholder/Member of the entity or Agent under Power of Attorney.
(a) For Individuals:
✔ Valid Passport copy
✔ Utility Bill (not older than three months)
(b) For Corporate Entities:
✔ Certificate of Incorporation
✔ Good Standing Certificate
✔ Directors & Shareholders Register
✔ Passport copies of the Directors and the UBOs
✔ Utility bills (not older than three months) of the Directors and UBOs
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