Key takeaways
- Banking and financial licensing are Union-level powers in the Comoros.
- The Central Bank of the Comoros says island approvals have no legal effect in the Union.
- Its June 2022 warning names both MISA and the AOFA and was republished in December 2025.
- Banks, PSPs and platform vendors increasingly refuse these licences.
The central bank’s position
The Comoros Banking Law of 2013 places the licensing of banks and financial institutions with the Banque Centrale des Comores. In June 2022 the central bank warned the public about structures claiming to issue licences in the Union, naming the Mwali International Services Authority and the Anjouan Offshore Finance Authority, and stated that their approvals have no legal effect. The warning was republished via the Ministry of Finance in December 2025.
What it means in practice
- Many banks and payment providers decline companies relying only on a Comoros licence.
- Liquidity providers and platform vendors apply extra scrutiny.
- Clients have no recognised investor protection.
If you still consider one
Be transparent on your website, never describe the company as regulated by the Comoros, and plan a move to a recognised licence such as Mauritius or Seychelles. Read the Mwali and Anjouan profiles.