Banking license in Anjouan
Warning: professional advice against this jurisdiction.
LegalBison has officially stopped supporting the acquisition of banking licenses in Anjouan. We advise our clients to consider other jurisdictions that provide higher regulatory standards and better international standing.
The current legal climate in Anjouan presents too many risks for a sustainable banking business. Our team prioritizes the safety of your investment and the long term viability of your project. We have removed this jurisdiction from our active list of services for these reasons.
Our team of experienced professionals to assist you with any question and project pertaining to FinTech projects.
Provides essential support to clients navigating the complexities of FinTech licensing and compliance.
Why we no longer recommend an Anjouan banking license
The jurisdiction has lost significant credibility within the global financial system. This lack of trust makes it nearly impossible for a bank registered there to operate effectively.
The main reasons for our decision include:
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Extreme difficulty in establishing correspondent banking relationships with major global banks;
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Low levels of regulatory oversight that fail to satisfy international transparency requirements;
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General lack of recognition by the Basel Committee and other financial authorities;
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High risk of the jurisdiction being placed on international financial monitoring lists.
A banking license is only useful if the institution can process international transactions. Almost all reputable banks now refuse to work with entities that hold an Anjouan license.
Without a correspondent bank, you cannot settle payments or manage multi currency accounts. This creates a situation where your bank becomes an isolated island.
The lack of connectivity to the global financial grid makes this license a poor choice for any serious entrepreneur. We believe that your capital is better spent on a jurisdiction that offers real market access.
Reputational concerns for your business
Holding an Anjouan banking license can negatively impact the reputation of your brand. Clients and investors are increasingly aware of the risks associated with low quality offshore jurisdictions.
Due diligence processes by third parties will likely result in a high risk rating for your company. This leads to constant delays in payments and frequent requests for additional documentation.
We recommend building your financial institution on a foundation of trust and legitimacy. Anjouan no longer provides the necessary environment to achieve these professional goals.
There are several other jurisdictions that offer a professional framework for banking and financial services. These locations ensure that your business remains compliant and operational on a global scale.
Recommended alternatives include:
While the initial costs might be higher, the operational security is significantly better than in Anjouan.
Contact us for a strategic consultation
If you wish to launch a banking or payment project, our experts are ready to guide you. We offer clear advice based on the current global regulatory landscape.
Please contact LegalBison to discuss your business plan and find a viable licensing solution. We will help you select a jurisdiction that supports your growth and protects your assets.
Take the first step with a free first consultation
Leave your request here and we will schedule a free primary call to discuss the details of your project. Our legal team will calculate the costs, timeframe, and requirements for banking license obtainment for your company.
Our team of experienced professionals to assist you with any question and project pertaining to FinTech projects.
Provides essential support to clients navigating the complexities of FinTech licensing and compliance.
