§ 470.05 Money laundering in the fourth degree
PL § 470.05
§ 470.05 Money laundering in the fourth degree.
A person is guilty of money laundering in the fourth degree when:
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; or
2.Knowing that one or more monetary instruments represents the proceeds of criminal conduct:
(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
3.He or she conducts one or more financial transactions:
(iii)avoid any transaction reporting requirement imposed by law; and
Money laundering in the fourth degree is a class E felony.
