Answer by Jim Bedsole:I'm not aware of anything in the USA PATRIOT Act stipulating what you state regarding negotiation of government checks. It's all a matter of the degree of confidence you are able to establish regarding the geniuneness and legitimacy of the endorsement.
Answer by Ken Golliher:Jim is correct, the USA PATRIOT Act's changes to BSA had no impact on this issue. However, I want to add that federal regulations do not obligate you to cash a government check for anyone, including the payee. That eliminates any intelligent response to a "show me where it says that" request.
First published on BankersOnline.com 8/14/06