Global reach through senior people and partner firms
Black Sea is an independent AML/CFT and sanctions advisory firm for regulated businesses, global in reach and deepest in frontier markets and the Gulf. We build, repair, staff and test the financial crime programmes that supervisors examine.
Status
Black Sea is an independent advisory firm, and we sell no software. Legal advice, representation before a regulator or a court, and the filing of licence applications stay with law firms.
What we do
Seven services, each set out in full on What we do.
Clients and markets
We take mandates worldwide from regulated firms in nine sectors, from virtual asset service providers and banks to dealers in precious metals and exporters of dual-use goods. Nineteen markets are mapped in depth on our Coverage page.
We do not publish client names, so this page names none.
Partner law firms
We work with law firms under signed cooperation agreements. The law firm keeps the application, the legal opinion and the representation, and we build the programme behind them. Each firm agrees its own scope and fee with the client.
How fees are set
One fixed fee for each stage, stated in the costed plan with what it includes and what it leaves out. We do not bill by the hour, and any change of scope is agreed in writing before work on it starts.
Who does the work
The practitioners who scope your work deliver it.
Confidentiality
We sign an NDA before you send detail. We never publish a client's name or give it to anyone without the client's consent. What you send is used to answer you and to do your work, and for nothing else.
Get a costed plan
Name the market and the licence, and tell us what has happened. A senior practitioner replies with a costed plan within 48 hours of your message.