Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) Laws: Federal legislation requiring financial institutions to assist government agencies in detecting and preventing money laundering. Mandates proper documentation and verification of transfers.

Electronic Fund Transfer Act (EFTA): Federal law that establishes rights, liabilities, and responsibilities of participants in electronic fund transfer systems, providing consumer protection for electronic transfers.

Uniform Commercial Code (UCC) Article 4A: Governs commercial wire transfers between banks and establishes rules for security procedures and authorization requirements.

USA PATRIOT Act: Federal legislation that requires verification of identity and implements additional security measures for financial transactions.

Federal Reserve Regulation E: Federal regulation that provides consumer protection for electronic fund transfers and establishes requirements for authorization procedures.

State Banking Regulations: Various state-specific regulations that may impose additional requirements for bank transfers and authorizations within their jurisdiction.

Authorization Letter Requirements: Essential components including clear identification of parties, specific account details, purpose of transfer, security measures, authorization statement, time frame, and signature requirements.