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Clause 1 provides the short title and commencement of the legislation. Clauses 2 to 4 amend sections 13, 18 and 22 of the Banks and Trust Companies Act (2021 Revision), respectively, by changing references to Part XVIIA of the Companies Act (2021 Revision), Part 12 of the Limited Liability Companies Act (2021 Revision) and Part 8 of the Limited Liability Partnership Act (2021 Revision) to references to the Beneficial Ownership Transparency Act, 2023. 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(1) This Act may be cited as the Banks and Trust Companies (Amendment) Act, 2023. (2) This Act comes into force by Order made by the Cabinet. 2. Amendment of section 13 of the Banks and Trust Companies Act (2021 Revision) - obligations of auditors 2. The Banks and Trust Companies Act (2021 Revision), in this Act referred to as the \u201cprincipal Act\u201d, is amended in section 13(1)(e) by repealing subparagraph (ia) and substituting the following subparagraph \u2014 \u201c(ia) the Beneficial Ownership Transparency Act, 2023, if the licensee is a \u201ccorporate services provider\u201d as defined in that Act;\u201d. Clause 3 Banks and Trust Companies (Amendment) Bill, 2023 Introduced\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Amendment of section 18 - additional powers of Authority 3. The principal Act is amended in section 18(1) by repealing paragraph (ca) and substituting the following paragraph \u2014 \u201c(ca) a person holding a licence issued under section 6(5)(c), (e) or (f) who is a \u201ccorporate services provider\u201d, as defined in the Beneficial Ownership Transparency Act, 2023, has contravened that Act;\u201d. 4. Amendment of section 22 - power of search 4. The principal Act is amended in section 22(1) by repealing paragraph (a) and substituting the following paragraph \u2014 \u201c(a) there is reasonable ground for suspecting that an offence against this Act or the Beneficial Ownership Transparency Act, 2023, has been or is being committed and that evidence of the commission of the offence is to be found at any premises specified in the information, or in any vehicle, vessel or aircraft so specified; or\u201d. Passed by the Parliament the        day of                          , 2023. 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additional powers of Authority .........................................................8\n4.\nAmendment of section 22 - power of search ..............................................................................8\n\nBanks and Trust Companies (Amendment) Bill, 2023\nClause 1\n\nc\nIntroduced\nPage 7\n\nCAYMAN ISLANDS\n\nBANKS AND TRUST COMPANIES\n(AMENDMENT) BILL, 2023\n\nA BILL FOR AN ACT TO AMEND THE BANKS AND TRUST COMPANIES ACT (2021\nREVISION) TO INCLUDE REFERENCES TO THE BENEFICIAL OWNERSHIP REGIME;\nAND FOR INCIDENTAL AND CONNECTED PURPOSES\nENACTED by the Legislature of the Cayman Islands.\n1.\nShort title and commencement\n1.\n(1) This Act may be cited as the Banks and Trust Companies (Amendment) Act,\n2023.\n(2) This Act comes into force by Order made by the Cabinet.\n2.\nAmendment of section 13 of the Banks and Trust Companies Act (2021\nRevision) - obligations of auditors\n2.\nThe Banks and Trust Companies Act (2021 Revision), in this Act referred to as the\n\u201cprincipal Act\u201d, is amended in section 13(1)(e) by repealing subparagraph (ia) and\nsubstituting the following subparagraph \u2014\n\u201c(ia) the Beneficial Ownership Transparency Act, 2023, if the\nlicensee is a \u201ccorporate services provider\u201d as defined in\nthat Act;\u201d.\n\nClause 3\nBanks and Trust Companies (Amendment) Bill, 2023\n\nPage 8\nIntroduced\nc\n\n3.\nAmendment of section 18 - additional powers of Authority\n3.\nThe principal Act is amended in section 18(1) by repealing paragraph (ca) and\nsubstituting the following paragraph \u2014\n\u201c(ca) a person holding a licence issued under section 6(5)(c), (e)\nor (f) who is a \u201ccorporate services provider\u201d, as defined in\nthe Beneficial Ownership Transparency Act, 2023, has\ncontravened that Act;\u201d.\n4.\nAmendment of section 22 - power of search\n4.\nThe principal Act is amended in section 22(1) by repealing paragraph (a) and\nsubstituting the following paragraph \u2014\n\u201c(a) there is reasonable ground for suspecting that an offence\nagainst\nthis\nAct\nor\nthe\nBeneficial\nOwnership\nTransparency Act, 2023, has been or is being committed\nand that evidence of the commission of the offence is to\nbe found at any premises specified in the information, or\nin any vehicle, vessel or aircraft so specified; or\u201d.\nPassed by the Parliament the        day of                          , 2023.\n\nSpeaker\n\nClerk of the Parliament","akn_extracted_at":"2026-06-22 15:41:11.504681+00","cms_id":"2023-0015","law_type":"bill","year":"2023","number":"15","title":"2023-0015","status":"bill"},"provenance":{"files":[{"file_id":"7107","expr_id":"2308","kind":"akn_xml","filename":"2023-0015.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0015\/2023-0015.akn.xml","content_md5":"9f7e12a71df428d0577dc78ff2549942","byte_size":"6348","http_last_modified":null,"fetched_at":"2026-06-22 15:41:11.555901+00"},{"file_id":"4615","expr_id":"2308","kind":"pristine_pdf","filename":"2023-0015.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0015\/2023-0015.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/BILLS\/2023\/2023-0015\/2023-0015.pdf","content_md5":"7dd40923ca12a6cad7f7a59a4fbddae6","byte_size":"660464","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.354251+00"},{"file_id":"4616","expr_id":"2308","kind":"working_pdf","filename":"2023-0015.pdf","source_url":"\/cms\/images\/LEGISLATION\/BILLS\/2023\/2023-0015\/2023-0015.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/BILLS\/2023\/2023-0015\/2023-0015.pdf","content_md5":"7dd40923ca12a6cad7f7a59a4fbddae6","byte_size":"660464","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.354251+00"}],"paragraph_count":12,"latest_history":null},"quality":{"expr_id":"2308","doc_id":"2308","quality_state":"known_issue","quality_score":"47","needs_human_review":"t","deterministic_categories":"{commencement_metadata_problem,duplicate_text,page_header_footer_noise,title_mismatch}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture,verify_commencement_metadata,verify_title_metadata}","finding_severity_counts":"{\"low\": 1, \"high\": 1, \"medium\": 2}","finding_summary":"stored title is not visible in the opening extracted text; repeated line furniture detected: cayman islands x3; banks and trust companies x3; amendment bill 2023 x3","assessed_at":"2026-06-22 15:29:46.216067+00","updated_at":"2026-06-22 15:29:46.216067+00"}}