Uniform Trust Code (UTC): Primary federal legislation governing trust relationships and administration across US states, providing uniformity in trust law
Internal Revenue Code: Federal tax regulations affecting trust accounts, including tax reporting requirements and implications for trust income
Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering
USA PATRIOT Act: Federal legislation that includes Know Your Customer (KYC) requirements for financial institutions and trust accounts
Securities Exchange Act: Federal law governing securities trading and relevant when trust accounts include investment securities
Investment Company Act: Federal regulation of investment companies and their activities, applicable for trust investments
Investment Advisers Act: Federal law regulating investment advisers and their responsibilities in managing trust investments
State Trust Codes: State-specific legislation governing trust administration and management within individual states
State Banking Regulations: State-level rules governing banking operations and trust departments within the state
State Fiduciary Laws: State-specific regulations governing fiduciary duties and responsibilities in trust relationships
State Securities Laws: State-level regulations (Blue Sky Laws) governing securities transactions within the state
Federal Reserve Regulations: Central bank requirements affecting trust operations and banking activities
FDIC Requirements: Federal Deposit Insurance Corporation regulations for insured institutions handling trust accounts
OCC Regulations: Office of the Comptroller of the Currency rules governing national banks' trust operations
Anti-Money Laundering Regulations: Compliance requirements for preventing and detecting money laundering through trust accounts
OFAC Compliance: Office of Foreign Assets Control requirements for screening trust transactions and parties
Consumer Protection Laws: Federal and state regulations protecting consumer interests in financial services and trust arrangements
American Bankers Association Guidelines: Industry standards and best practices for trust account administration and management
GAAP Standards: Generally Accepted Accounting Principles applicable to trust account reporting and financial statements
