N.Y.
Penal Law Section 470.05
Money laundering in the fourth degree
1.
Knowing that the property involved in one or more financial transactions represents the proceeds of criminal conduct:(a)
he or she conducts one or more such financial transactions which in fact involve the proceeds of specified criminal conduct:(i)
With intent to: (A) promote the carrying on of criminal conduct; or (B) engage in conduct constituting a felony as set forth in section eighteen hundred three, eighteen hundred four, eighteen hundred five, or eighteen hundred six of the tax law; or(ii)
Knowing that the transaction or transactions in whole or in part are designed to: (A) conceal or disguise the nature, the location, the source, the ownership or the control of the proceeds of criminal conduct; or (B) avoid any transaction reporting requirement imposed by law; and(b)
The total value of the property involved in such financial transaction or transactions exceeds five thousand dollars; or2.
Knowing that one or more monetary instruments represents the proceeds of criminal conduct:(a)
he or she transports, transmits, or transfers on one or more occasions, monetary instruments which in fact represent the proceeds of specified criminal conduct:(i)
With intent to promote the carrying on of criminal conduct; or(ii)
Knowing that such transportation, transmittal, or transfer is designed in whole or in part to: (A) conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of criminal conduct; or (B) avoid any transaction reporting requirement imposed by law; and(b)
The total value of such monetary instrument or instruments exceeds ten thousand dollars; or3.
He or she conducts one or more financial transactions:(a)
involving property represented to be the proceeds of specified criminal conduct, or represented to be property used to conduct or facilitate specified criminal conduct, with intent to:(i)
promote the carrying on of specified criminal conduct; or(ii)
conceal or disguise the nature, the location, the source, the ownership or the control of property believed to be the proceeds of specified criminal conduct; or(iii)
avoid any transaction reporting requirement imposed by law; and(b)
the total value of the property involved in such financial transaction or transactions exceeds ten thousand dollars. Money laundering in the fourth degree is a class E felony.
Source:
Section 470.05 — Money laundering in the fourth degree, https://www.nysenate.gov/legislation/laws/PEN/470.05 (updated Sep. 22, 2014; accessed Oct. 26, 2024).
