To help your front-line staff spot forged checks before they cash or deposit them, first teach them about “negotiable instruments” and “words of negotiability,” suggests our most recent edition of First Line of Defense, offered by CUES in partnership with TRC Interactive, Inc. Then give them a checklist of things to look for.
According to the U.S. Uniform Commercial Code, a “negotiable instrument” is an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it:
- is payable to bearer or to order at the time it is issued or first comes into possession of a holder;
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