Not exactly

Strictly Continental/territorial speaking we have:
South America:
1 (Brasilia)
North America:
1 (ARC) A corporation that could represent the whole continent even the Carribean.
Europe:
4 (FI, INTEGR, NSA, SF) even though the last is also part Asian.
Asia:
4 (Al Falah, PAC, KP, SF) 3/4 of SF is Asian if not more and one could argue if Polystralia is also part Asian.
Africa:
3 (Under Saharan PAU and parts Al Falah in the NE and FI in the NW)
Oceania:
1 Polystralia of course which is also part Asian.
There's still room for:
-Japan (possible aquatic faction)
-Carribean (maybe)
-Eastern Mediterranean Sea (possible aquatic faction)
-Antarctica