senate Bill S259

2013-2014 Legislative Session

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

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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 (17)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 10, 2014 referred to banks
delivered to assembly
passed senate
May 28, 2014 advanced to third reading
May 21, 2014 2nd report cal.
May 20, 2014 1st report cal.894
Mar 26, 2014 reported and committed to codes
Jan 08, 2014 referred to banks
returned to senate
died in assembly
Jun 20, 2013 referred to banks
delivered to assembly
passed senate
ordered to third reading cal.1475
committee discharged and committed to rules
Feb 12, 2013 reported and committed to codes
Jan 09, 2013 referred to banks

Votes

view votes

May 20, 2014 - Codes committee Vote

S259
15
0
committee
15
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Codes committee vote details

Mar 26, 2014 - Banks committee Vote

S259
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Jun 20, 2013 - Rules committee Vote

S259
24
0
committee
24
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Feb 12, 2013 - Banks committee Vote

S259
17
0
committee
17
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Co-Sponsors

S259 - Details

See Assembly Version of this Bill:
A2469
Current Committee:
Law Section:
Banking Law
Laws Affected:
Amd §650, Bank L; amd §470.00, Pen L; amd §30.10, CP L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S271, A8531
2009-2010: S2176B

S259 - 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.

S259 - Sponsor Memo

S259 - Bill Text download pdf

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

                                   259

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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.
                                                           LBD00628-01-3

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