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The principal legislation in the Cayman Islands which seeks to combat money laundering and the financing of terrorism is The Proceeds of Crime Act (2020 Revision) (the “PCA”) and The Anti-Money Laundering Regulations (2020 Revision) (the “Regulations”).
The Regulations were brought into force on 9 January 2020 and are accompanied by the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands issued on 13 December 2017, as amended (the “Guidance Notes”).