Bank Secrecy Act (BSA): Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering, including requirements for reporting and record-keeping.
USA PATRIOT Act: Federal legislation that includes specific requirements for customer identification and verification in banking transactions.
E-SIGN Act: Federal law governing the legal status of electronic signatures and records in banking and commerce.
UCC Article 4: Uniform Commercial Code provisions governing bank deposits and collections, including signature authorization matters.
Federal Reserve Board Regulations: Regulatory framework established by the Federal Reserve that banks must comply with regarding account operations and signatures.
FDIC Requirements: Federal Deposit Insurance Corporation guidelines for account security and signature verification procedures.
OCC Guidelines: Office of the Comptroller of the Currency requirements for national banks regarding account management and signature authorization.
KYC Requirements: Know Your Customer protocols requiring banks to verify the identity of their clients and assess potential risks.
AML Regulations: Anti-Money Laundering regulations requiring banks to implement specific procedures to prevent financial crimes.
State Banking Regulations: State-specific laws governing banking operations and signature requirements within the state's jurisdiction.
State Signature Laws: State-specific requirements for signature validation, witnessing, and notarization.
State Power of Attorney Laws: State-specific regulations governing the delegation of signing authority through power of attorney.
Bank Internal Policies: Individual bank's specific requirements and procedures for signature authorization and verification.
Bank Compliance Requirements: Internal compliance protocols established by the bank for signature authorization and account access.
Signature Card Requirements: Bank-specific documentation and procedures for maintaining authorized signatures on accounts.
