The principal legislation in the Cayman Islands which seeks to combat money laundering and the financing of terrorism is The Proceeds of Crime Act (Revision) (the “PCL”) and The Anti-Money Laundering Regulations (Revision) (the “Regulations”). ARE YOU CARRYING OUT “RELEVANT FINANCIAL BUSINESS”? “relevant financial business” means the business of engaging in one or more of the following — (a) banking or trust business carried on by a person who is for the time being a license