UCC Article 5: Uniform Commercial Code Article 5 - Primary U.S. legislation governing Letters of Credit, providing framework for issuance, amendment, and execution of letters of credit
UCP 600: ICC Uniform Customs and Practice for Documentary Credits - International rules governing documentary credits and letters of credit operations
ISP98: International Standby Practices - Rules specifically governing standby letters of credit, complementing UCP 600
Federal Reserve Regulation CC: Regulations governing check collection and funds availability in banking operations related to letters of credit
Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering in letter of credit transactions
USA PATRIOT Act: Anti-terrorism legislation requiring enhanced due diligence and customer identification procedures in financial transactions
OFAC Regulations: Office of Foreign Assets Control regulations governing transactions with restricted countries, entities, and individuals
AML Regulations: Anti-Money Laundering regulations requiring procedures to prevent and detect money laundering through letters of credit
State UCC Modifications: State-specific adoptions and modifications to the Uniform Commercial Code affecting letter of credit operations
UN Convention on Independent Guarantees: International convention providing legal framework for independent guarantees and standby letters of credit in cross-border transactions
ISBP: International Standard Banking Practice - Detailed guidelines for examination of documents under UCP 600
State Banking Regulations: State-specific banking laws and regulations affecting letter of credit operations within particular states
