senate Bill S271

2011-2012 Legislative Session

Relates to clarifying definitions of "illegal money transmission" and "money laundering"; and relates to penalties for unlicensed money transmitters

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (20)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 26, 2012 referred to banks
delivered to assembly
passed senate
Mar 22, 2012 advanced to third reading
Mar 21, 2012 2nd report cal.
Mar 20, 2012 1st report cal.412
Mar 07, 2012 reported and committed to codes
Mar 01, 2012 notice of committee consideration - withdrawn
Feb 21, 2012 notice of committee consideration - requested
Jan 04, 2012 referred to banks
returned to senate
died in assembly
Jun 20, 2011 referred to banks
delivered to assembly
passed senate
ordered to third reading cal.1416
committee discharged and committed to rules
Mar 30, 2011 reported and committed to codes
Feb 22, 2011 notice of committee consideration - requested
Jan 05, 2011 referred to banks

Votes

view votes

Mar 20, 2012 - Codes committee Vote

S271
15
0
committee
15
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Codes committee vote details

Mar 7, 2012 - Banks committee Vote

S271
16
0
committee
16
Aye
0
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Jun 20, 2011 - Rules committee Vote

S271
24
0
committee
24
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Mar 30, 2011 - Banks committee Vote

S271
16
1
committee
16
Aye
1
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

S271 - Details

See Assembly Version of this Bill:
A8531
Law Section:
Banking Law
Laws Affected:
Amd §650, Bank L; amd §470.00, Pen L; amd §30.10, CP L
Versions Introduced in 2009-2010 Legislative Session:
S2176B

S271 - Summary

Relates to clarifying the definitions of "illegal money transmission" and "money laundering"; relates to penalties for unlicensed money transmitters; relates to timeliness of prosecutions.

S271 - Sponsor Memo

S271 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   271

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen.  DIAZ  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the banking law, in relation  to  clarifying  the  defi-
  nition  of illegal money transmission and increasing the penalties for
  certain activities by licensed and unlicensed money  transmitters;  to
  amend  the  penal law, in relation to the definition of money launder-
  ing; and to amend the criminal procedure law, in relation  to  timeli-
  ness of prosecutions

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 1 of section 650 of the banking law, as amended
by chapter 201 of the laws of 1969, is amended to read as follows:
  1. [Any person who violates or participates in the  violation  of  any
provisions  of this article, or who knowingly makes any incorrect state-
ment of a material fact in any application,  report  or  statement  made
pursuant  to  this article, or who knowingly omits to state any material
fact necessary to  give  the  superintendent  any  information  lawfully
required  by  him  or  refuses to permit any lawful investigation by the
superintendent shall be guilty of a misdemeanor  and,  upon  conviction,
shall  be fined not more than five hundred dollars or imprisoned for not
more than six months or both, in the discretion of  the  court]A.    ANY
PERSON  WHO  KNOWINGLY  MAKES  ANY FALSE STATEMENT, MISREPRESENTATION OR
FALSE CERTIFICATION IN ANY  APPLICATION,  FINANCIAL  STATEMENT,  ACCOUNT
RECORD,  CUSTOMER RECEIPT, REPORT OR OTHER DOCUMENT FILED OR REQUIRED TO
BE MAINTAINED OR FILED UNDER THIS ARTICLE, OR WHO  KNOWINGLY  MAKES  ANY
FALSE ENTRY OR OMITS A MATERIAL ENTRY IN ANY SUCH DOCUMENT OR REFUSES TO
PERMIT  ANY  LAWFUL INVESTIGATION BY THE SUPERINTENDENT, SHALL BE GUILTY
OF A CLASS E FELONY.
  B. ANY LICENSEE OR AGENT WHO:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02212-01-1

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