2023 New York Laws › PEN - Penal › Part 4 - Administrative Provisions › Title X - Organized Crime Control Act › Article 470 - Money Laundering › 470.20 - Money Laundering in the First Degree.

§ 470.20 Money laundering in the first degree.
A person is guilty of money laundering in the first 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 five hundred thousand dollars; or
(b) the proceeds of a class A, B or C felony, or of  a  crime  in  any
other  jurisdiction  that  is or would be a class A, B or C felony under
the laws of this state, he or she conducts one or  more  such  financial
transactions which in fact involve the proceeds of any such felony:
(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,
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 one million dollars.
2.  He  or  she  conducts one or more financial transactions involving
property represented to be:
(a) the proceeds of the criminal sale of a  controlled  substance,  or
represented  to  be  property used to conduct or facilitate the criminal
sale of a controlled substance:
(i) With intent to:
(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
(ii) The total represented value of  the  property  involved  in  such
financial  transaction  or  transactions  exceeds  five hundred thousand
dollars; or
(b) the proceeds of a class A, B or C felony or  of  a  crime  in  any
other  jurisdiction  that  is or would be a class A, B or C felony under
the laws of this state, or represented to be property used to conduct or
facilitate such crimes:
(i) With intent to:
(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
(ii)  The  total  represented  value  of the property involved in such
financial transaction or transactions exceeds one million dollars.
Money laundering in the first degree is a class B felony.