Compliance & Transparency
Policies, controls and oversight
“Black Sea Petroleum maintains policies and controls designed to support compliance with applicable laws and restrictive measures.”
The company’s approach is based on documented processes, proportionate review and ongoing legal and regulatory oversight.
Documented sourcing
Information relevant to sourcing is recorded and reviewed as part of the company’s internal processes.
Counterparty review
Prospective and existing counterparties are subject to review using information appropriate to the relationship and transaction.
Transaction controls
Transactions are considered through documented controls designed to identify matters requiring further review.
Vessel screening
Vessel-related information is reviewed where relevant to maritime movements and associated transactions.
Legal and regulatory oversight
Legal and regulatory considerations form part of the company’s review and decision-making processes.
Ongoing monitoring
Relevant relationships and transactions may be monitored as circumstances, information and applicable requirements develop.
Responsible record keeping
Records are maintained to support internal review, oversight and responsible business administration.
These descriptions are general and do not disclose confidential procedures, commercial contracts, screening thresholds or internal documentation.