The licence is the easy part.
We build what sits behind it.

Black Sea builds, remediates and runs the AML/CFT and sanctions programme behind a licence, for regulated operators across the Gulf, Africa, Central Asia, Turkey and Pakistan. Lawyers file. We build the compliance.

IndependentSenior-onlyConflict-freeFixed scopeUnder NDA
19
Active markets
48h
From call to costed plan
Zero
Hourly billing. Ever.
One
Conversation to know if we fit

Compliance is no longer a risk to weigh.
It is an exposure to remove.

Across our markets, regulators are setting hard deadlines and naming firms. The quiet window is now, before the queue, before the examiner is already watching.

Turkey
CASP authorisation
Deadline ~30 Jun 2026
Pakistan
PVARA regime
Sandbox open
Kenya
VASP Act
Deadline 4 Nov 2026
Kuwait
FATF grey-list
Listed Feb 2026
UAE
Enforcement wave
Ongoing

Three ways in. One next step.

Get licensed

"I need a licence."

You are racing a VASP, CASP, PVARA or DPMS deadline. We build the programme an examiner actually tests, and have it ready before you file.

  • New-regime programme build
  • Application-ready evidence
  • Named MLRO in place
Book a call →
Get clean

"I've been flagged."

An enforcement action, a supervisory finding, a grey-list wave. We turn it into a clean re-inspection, independent and conflict-free, on a fixed scope.

  • Post-enforcement remediation
  • Independent reviewer / audit
  • Regulator-ready evidence
Book a call →
Stay covered

"I need ongoing cover."

A named, fit-and-proper MLRO, a managed financial-intelligence function, and an annual independent audit, run for you on a retainer.

  • Fractional named MLRO
  • Managed FIU / monitoring ops
  • Independent annual audit
Book a call →

We work with specific
types of problems.

Yes This is for you if
  • You are racing a new-regime deadline (VASP, CASP, PVARA, DPMS) and need the programme an examiner will actually test.
  • You have been named in an enforcement action or caught in a grey-list wave and need independent, conflict-free remediation, fast.
  • You hold a licence (VARA, ADGM, AFSA, SEC, CBB) and are not certain your AML programme would survive a supervisory visit.
  • You need a named, fit-and-proper MLRO on a fractional, retained basis.
  • You have a defined problem, multi-jurisdiction AML, UBO complexity, the Travel Rule, sanctions or export-control, and want it solved at fixed scope.
  • You are a law firm or fund administrator whose client needs the compliance built behind the licence.

For matters that need a signed legal opinion we work alongside partner counsel, we are not the law firm. We scope properly rather than race to the cheapest tick-box, we screen UBO and sanctions before we engage, and we say no when we should.

Diagnostic first.
Everything starts here.

What you bring
  • A 30-minute call describing what you are trying to license, fix or run
  • Basic information on your entity, jurisdiction and current status
  • Any existing regulatory correspondence or licences
  • No preparation required beyond that
What you receive
  • A written gap report against the applicable framework
  • A prioritised remediation list with clear next actions
  • A scope and timeline for what a full engagement involves
  • An honest assessment of whether one is needed
Who it is for
  • Operators racing a new-regime licensing deadline
  • Firms named in an enforcement action or grey-list wave
  • Licence-holders before a supervisory visit or audit
  • Any operator who suspects a gap but cannot place it

Build it. Run it. Defend it.

One core engine, the programme an examiner actually tests, delivered across the work that matters: the build, the ongoing operation, and the higher-risk sanctions lane.

Build & remediate

The AML/CFT programme

The programme behind a licence, for a new-regime application or a post-enforcement fix.

  • Business risk assessment
  • CDD, EDD & screening
  • Transaction monitoring & Travel Rule
  • FIU & goAML reporting
Run

Outsourced MLRO, FIU & audit

The function operated for you, named and fit-and-proper, on a retainer.

  • Fractional named MLRO
  • Managed FIU / 1LoD operations
  • Independent annual audit
  • Model validation & QA
Defend

Sanctions & export-control

Integrity diligence for the higher-risk lanes, including defense and dual-use.

  • Sanctions-exposure screening
  • End-user & intermediary diligence
  • Anti-bribery & corruption controls
  • Defense & dual-use review

Every obliged sector, one engine.

The regulator and the risk flavour change. The programme underneath does not. We build it across nine verticals.

Flagship
VASP / Crypto
Exchanges, custody, brokers, token & stablecoin issuers. Plus the launch stack.
Vertical
Payments & MSB
PSPs, money-transfer operators, exchange houses, e-money.
Vertical
Funds, Fund Admin & CSP
Fund administrators, corporate & trust service providers, asset managers.
Vertical
Banks & FIs
Commercial and Islamic banks, investment firms, capital-markets brokers.
Vertical
Gold & DPMS
Refiners, bullion dealers, jewellers. AML plus responsible sourcing.
Vertical
Gaming
Casinos, betting and online gaming. Reputational screen always on.
Vertical
Real Estate & DNFBP
Agents, developers, high-value brokers under source-of-funds pressure.
Vertical
Defense & Dual-Use
Primes, traders, intermediaries. Sanctions and export-control led.
Vertical
Art & High-Value
Dealers and galleries, art-market participant programmes.

Three problems, solved properly.

New-regime applicant
Problem
A first-time manager with AIFC authorisation needed to raise into dual-use technology. January 2026 AFSA amendments had invalidated key compliance documentation. The submission window was approaching.
Scope
Approved-person assessments updated. AML/CFT framework redesigned for the amended Digital Assets Rules. New regulatory submission drafted and filed.
Outcome
Submission complete in six weeks. Fractional MLRO retained for ongoing supervision.
Crypto operator
Problem
A Nigerian digital-asset custodian under SEC ARIP had days to a CBN deadline. No AML implementation roadmap existed. The prior advisor had focused on the licence and missed the central-bank obligation.
Scope
A CBN-compliant AML roadmap across all functional areas. Automated monitoring architecture specified. Submission package prepared.
Outcome
Delivered in seven days. Submitted to the central bank ahead of the deadline.
Licensed operator
Problem
A crypto operator with ADGM and VARA entities needed one AML/CFT framework satisfying both regulators without contradiction. A federal CPF decree added a third layer of obligation.
Scope
A unified AML/CFT architecture across both entities. CPF obligations integrated. The MLRO function documented and certified.
Outcome
Eight-week delivery. Quarterly review retainer ongoing.

Operator-side.
Not consultancy-side.

01

We've sat the seat

Our people have built and run regulated structures. The advice is what we would have wanted when we were on the other side of the table.

02

Clear scope, no hourly billing

A diagnostic in two weeks, full mandates scoped up front. Hourly billing creates the wrong incentives, so we do not use it.

03

Lawyers file, we build

For matters that need a regulated legal opinion we work alongside partner counsel. We are the compliance specialist, not the law firm.

The licence is the easy part. We write the rest.

All briefings →

Tell us where you are.
We'll send a costed plan in 48 hours.

Most engagements start with a 30-minute call. We review what you are trying to license, fix or run, tell you honestly whether we can help, and what it would look like if we did.