Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 15, 2016 |
referred to banks delivered to assembly passed senate ordered to third reading cal.1749 committee discharged and committed to rules |
Jan 06, 2016 |
referred to banks returned to senate died in assembly |
May 20, 2015 |
referred to banks delivered to assembly passed senate |
May 19, 2015 |
ordered to third reading cal.841 committee discharged and committed to rules |
Jan 07, 2015 |
referred to banks |
Senate Bill S235
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2015-S235 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6586
- Current Committee:
- Assembly Banks
- Law Section:
- Banking Law
- Laws Affected:
- Amd §650, Bank L; amd §470.00, Pen L; amd §30.10, CP L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2176
2011-2012: S271, A8531
2013-2014: S259, A2469
2017-2018: S506, A6309
2019-2020: S4921, A6425
2021-2022: S5202
2015-S235 (ACTIVE) - Sponsor Memo
BILL NUMBER: S235 TITLE OF BILL : An act to amend the banking law, in relation to clarifying the definition 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 laundering; and to amend the criminal procedure law, in relation to timeliness of prosecutions PURPOSE OF THE BILL : To provide for the effective prosecution of criminal actions by persons or entities whose intended purpose may be the laundering of money through illegal money transmission instruments. SUMMARY OF PROVISIONS : Section 1. Amends the Banking Law (1). Deletes the existing provisions and adds new paragraphs (a) and (b) in place thereof. Paragraph (a) provides that any person, who knowingly falsifies or makes a misrepresentation in any type of document that is required to be filed or maintained under article 13-B, or who refuses to permit any lawful investigation by the superintendent, is guilty of a class E felony. Paragraph (b) provides that any licensee or agent that receives moneys for the purpose of transmitting such funds or sells or issues money transmission instruments or travelers checks, knowing that such moneys were derived from, or such instruments or checks were purchased with,
2015-S235 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 235 2015-2016 Regular Sessions I N S E N A T E (PREFILED) January 7, 2015 ___________ 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. LBD00262-01-5
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