It just seems like a one of a million type sanctioning body from what I can tell. Hopefully someone else can tell you more about it, but I have no idea. You could always email them, but I suspect they might just send you a bunch of propaganda rather than explain where exactly they sit in the boxing world.
Unless your friend is a shady, duplicitous, ruthless backing-stabbing son of a bitch I'd suggest he find a different line of work

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