By Maya Lester QC & Michael O’Kane

New UK guidance on licensing legal services

OFSI has updated its general guidance on providing legal advice to designated persons (FAQs 3.4.1 and 3.4.2). The new guidance states that obtaining a licence before providing substantive legal services is encouraged rather than required, but that no payment for legal services by or on behalf of a designated person should be received before obtaining a licence (since that would...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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