In its whitepaper, Nomy Finance claims to be a “fully licensed financial institution” under the Anjouan Offshore Finance Authority (AOFA) in the Comoros Islands for its Nomy scam token. However, this is yet another bogus claim. Here’s why:
The Central Bank Of Comoros Rejects AOFA’s Authority
The Central Bank of the Comoros (Banque Centrale des Comores) has explicitly stated that it is the sole authority for issuing financial licenses in Comoros, as per its regulatory mandate. It has flagged entities like the AOFA as unauthorized. This means that any license issued by the AOFA, including Nomy Finance’s claimed license, is not recognized by the Central Bank, rendering it effectively fake in the context of legitimate financial regulation.
Lack of License Details and AOFA Transparency
Nomy Finance’s whitepaper claims AOFA licensing but provides no specific license number, audit reports, or verifiable regulatory documents. In fact, a search of the AOFA’s website yields no results for Nomy or their supposed investors Mahreb Group. And the AOFA’s own lack of transparency, such as unverifiable contact details or public license registries, further undermines Nomy’s financial regulatory claims.
History of Fraudulent Licensing in Comoros
The Comoros Islands have a notorious reputation for issuing fake or unrecognized licenses through entities like the AOFA. The Central Bank has listed fraudulent banks claiming AOFA approval as dubious because it offers licenses with minimal scrutiny which are often exploited by questionable entities to project legitimacy. Nomy’s history of scamming under the name Cryptonomy and its reliance on an AOFA license, places it in the center of this problematic ecosystem.
From all of this we can conclude that the Anjouan Offshore Finance Authority, which Nomy Finance claims as its licensing authority in the Comoros Islands, is a dubious regulator at best and is not recognized by the Comoros government. It’s all bogus like everything on Nomy’s website.