§ 470.15 Money laundering in the second degree
PL § 470.15
§ 470.15 Money laundering in the second degree.
A person is guilty of money laundering in the second degree when:
1.Knowing that the property involved in one or more financial transactions represents:
(a)the proceeds of the criminal sale of a controlled substance, he or she conducts one or more such financial transactions which in fact involve the proceeds of the criminal sale of a controlled substance:
(i)With intent to:
(A) promote the carrying on of specified 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 specified criminal conduct; or
(B) avoid any transaction reporting requirement imposed by law; and
(iii)The total value of the property involved in such financial transaction or transactions exceeds fifty thousand dollars; or
(b)the proceeds of specified criminal conduct, he or she conducts one or more such financial transactions which in fact involve the proceeds of specified criminal conduct:
(A) promote the carrying on of specified 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
(A) conceal or disguise the nature, the location, the source, the ownership or the control of the proceeds of specified criminal conduct; or
(B) avoid any transaction reporting requirement imposed by law; and
2.Knowing that one or more monetary instruments represent:
(A) conceal or disguise the nature, the location, the source, the ownership or the control of the proceeds of specified criminal conduct; or
(B) avoid any transaction reporting requirement imposed by law; and
(A) conceal or disguise the nature, the location, the source, the ownership or the control of the proceeds of specified criminal conduct; or
(B) avoid any transaction reporting requirement imposed by law; and
3.He or she conducts one or more financial transactions involving property represented to be:
(A) promote the carrying on of specified criminal conduct; or
(B) 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
(C) avoid any transaction reporting requirement imposed by law; and
(A) promote the carrying on of specified criminal conduct;
(B) 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
(C) avoid any transaction reporting requirement imposed by law; and
Money laundering in the second degree is a class C felony.
