When you cash a corporate paycheck, you must check two things first: the employer's workers' compensation coverage and the payroll cap. Workers' compensation is insurance for employees who get hurt at work. If the coverage has expired or there is no renewal paperwork on file, do not cash the check — stop and tell your manager right away. Cashing a check without confirmed coverage is a criminal violation. If the payroll cap has been reached, stop cashing corporate checks for that employer. If the cap is exceeded, notify the BSA/AML Compliance Officer the same business day.
", "narration_text": "When you cash a corporate paycheck, you must check two things first: the employer's workers' compensation coverage and the payroll cap. Workers' compensation is insurance for employees who get hurt at work. If the coverage has expired or there is no renewal paperwork on file, do not cash the check — stop and tell your manager right away. Cashing a check without confirmed coverage is a criminal violation. If the payroll cap has been reached, stop cashing corporate checks for that employer. If the cap is exceeded, notify the BSA/AML Compliance Officer the same business day." }