3. Identify the primary government laws and rules that are designed to protect the government’s interest in transactions.
This could be a long list if you are a lawyer. Some of the big ones are the banking laws—particularly the “know your customer” regulations. The tax laws would fit into this category. Sarbanes-Oxley would probably apply, since companies have to certify the accuracy of the transaction systems. RICO laws have sometimes been used for criminal investigations. Various fraud and computer security laws might be involved (see Chapter 14). A few laws regarding minors apply, because they define who can participate in transactions. The goal is not to list every law, that would take an entire contract law book, but to get a general picture of the government’s role.