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 Section 326: Requires implementation of Customer Identification Program (CIP) to verify identity of persons opening accounts

Federal Reserve Regulation CC: Governs funds availability and collection of checks, including hold periods and disclosure requirements for new accounts

Federal Deposit Insurance Act: Provides the framework for federal deposit insurance and banking regulations affecting account operations

Equal Credit Opportunity Act (ECOA): Prohibits discrimination in any aspect of a credit transaction, including account opening, based on protected characteristics

FinCEN Regulations: Financial Crimes Enforcement Network requirements for reporting suspicious activities and maintaining compliance programs

Know Your Customer (KYC): Regulatory requirements for verifying customer identity and assessing their risk profile during account opening

Customer Due Diligence (CDD): Rules requiring financial institutions to identify and verify the identity of beneficial owners of legal entity customers

State Banking Laws: State-specific regulations governing banking operations and account opening procedures within the state's jurisdiction

State Corporate Laws: Legal requirements regarding corporate authority and documentation needed for business account opening

Corporate Resolution Requirements: Specific documentation requirements proving authority to open and manage accounts on behalf of business entities

Industry-Specific Regulations: Special requirements for particular types of accounts such as IOLTA accounts for law firms or trust accounts