Electronic Fund Transfer Act (EFTA): Federal law that regulates electronic fund transfers, establishes consumer rights and financial institution responsibilities, covers error resolution procedures, and defines liability limits
Regulation E (12 CFR Part 205): Implements the EFTA, provides specific requirements for electronic fund transfers, details disclosure requirements, and outlines error resolution procedures
UCC Article 4A: Part of the Uniform Commercial Code that governs wholesale wire transfers, defines rights and obligations of parties, covers security procedures, and addresses liability issues
Bank Secrecy Act (BSA): Requires reporting of large transactions, implements anti-money laundering provisions, and mandates record-keeping requirements
USA PATRIOT Act: Establishes customer identification requirements, anti-terrorism provisions, and enhanced due diligence requirements for financial institutions
OFAC Regulations: Office of Foreign Assets Control regulations governing sanctions compliance, restricted party screening, and international transfer restrictions
State Banking Regulations: Specific state-level regulations governing banking operations and fund transfers within individual US states
Federal Reserve Requirements: Specific requirements set by the Federal Reserve System for wire transfers and inter-bank fund movements
