N.Y. PEN Law § 470.20 — New York Code / Act PEN / Part 4 / Title X / Article 470 / Section 470.20
Money laundering in the first degree
Status: in_force

§ 470.20 Money laundering in the first degree.\n  A person is guilty of money laundering in the first degree when:\n  1. Knowing that the property involved in one or more financial\ntransactions represents:\n  (a) the proceeds of the criminal sale of a controlled substance, he or\nshe conducts one or more such financial transactions which in fact\ninvolve the proceeds of the criminal sale of a controlled substance:\n  (i) With intent to:\n  (A) promote the carrying on of specified criminal conduct; or\n  (B) engage in conduct constituting a felony as set forth in section\neighteen hundred three, eighteen hundred four, eighteen hundred five, or\neighteen hundred six of the tax law; or\n  (ii) Knowing that the transaction or transactions in whole or in part\nare designed to:\n  (A) conceal or disguise the nature, the location, the source, the\nownership or the control of the proceeds of specified criminal conduct;\nor\n  (B) avoid any transaction reporting requirement imposed by law; and\n  (iii) The total value of the property involved in such financial\ntransaction or transactions exceeds five hundred thousand dollars; or\n  (b) the proceeds of a class A, B or C felony, or of a crime in any\nother jurisdiction that is or would be a class A, B or C felony under\nthe laws of this state, he or she conducts one or more such financial\ntransactions which in fact involve the proceeds of any such felony:\n  (i) With intent to:\n  (A) promote the carrying on of specified criminal conduct; or\n  (B) engage in conduct constituting a felony as set forth in section\neighteen hundred three, eighteen hundred four, eighteen hundred five,\neighteen hundred six of the tax law; or\n  (ii) Knowing that the transaction or transactions in whole or in part\nare designed to:\n  (A) conceal or disguise the nature, the location, the source, the\nownership or the control of the proceeds of specified criminal conduct;\nor\n  (B) avoid any transaction reporting requirement imposed by law; and\n  (iii) The total value of the property involved in such financial\ntransaction or transactions exceeds one million dollars.\n  2. He or she conducts one or more financial transactions involving\nproperty represented to be:\n  (a) the proceeds of the criminal sale of a controlled substance, or\nrepresented to be property used to conduct or facilitate the criminal\nsale of a controlled substance:\n  (i) With intent to:\n  (A) promote the carrying on of specified criminal conduct; or\n  (B) conceal or disguise the nature, the location, the source, the\nownership or the control of property believed to be the proceeds of\nspecified criminal conduct; or\n  (C) avoid any transaction reporting requirement imposed by law; and\n  (ii) The total represented value of the property involved in such\nfinancial transaction or transactions exceeds five hundred thousand\ndollars; or\n  (b) the proceeds of a class A, B or C felony or of a crime in any\nother jurisdiction that is or would be a class A, B or C felony under\nthe laws of this state, or represented to be property used to conduct or\nfacilitate such crimes:\n  (i) With intent to:\n  (A) promote the carrying on of specified criminal conduct; or\n  (B) conceal or disguise the nature, the location, the source, the\nownership or the control of property believed to be the proceeds of\nspecified criminal conduct; or\n  (C) avoid any transaction reporting requirement imposed by law; and\n  (ii) The total represented value of the property involved in such\nfinancial transaction or transactions exceeds one million dollars.\n  Money laundering in the first degree is a class B felony.\n