Wire Transfer Rules and Laws Sample Clauses
The 'Wire Transfer Rules and Laws' clause defines the legal and procedural requirements governing the transfer of funds electronically between financial institutions. It typically outlines compliance with relevant federal and state regulations, such as anti-money laundering laws and the need for accurate identification of parties involved in the transaction. This clause ensures that all wire transfers are conducted securely and lawfully, reducing the risk of fraud and legal violations for both parties.
Wire Transfer Rules and Laws. This use of our Wire Transfer Service is subject to all applicable U.S. federal and state laws, regulations, rules and funds transfer arrangements, including the respective state’s Uniform Commercial Code Article 4A, as may be applicable.