Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 02, 2016 |
print number 5578a |
May 02, 2016 |
amend and recommit to codes |
Jan 06, 2016 |
referred to codes |
May 14, 2015 |
referred to codes |
Senate Bill S5578A
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Codes 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
Bill Amendments
2015-S5578 - Details
- Current Committee:
- Senate Codes
- Law Section:
- Penal Law
- Laws Affected:
- Amd Pen L, generally; amd §§1807 & 697, Tax L; amd §20.40, CP L
- Versions Introduced in 2017-2018 Legislative Session:
-
S1491
2015-S5578 - Summary
Establishes certain offenses relating to structuring, money laundering and defrauding the government; eliminates the one-year time requirement for aggregation payments; relates to the disclosure of tax returns to grand juries; relates to geographical jurisdiction of certain offenses.
2015-S5578 - Sponsor Memo
BILL NUMBER: S5578 TITLE OF BILL : An act to amend the penal law, in relation to establishing certain offenses relating to structuring, money laundering and defrauding the government; to amend the tax law, in relation to eliminating the one-year time requirement for aggregation payments and in relation to disclosure of certain tax returns to a grand jury; and to amend the criminal procedure law, in relation to geographical jurisdiction of offenses PURPOSE : To reform the penal law, tax law, and criminal procedural law with respect to tax and money laundering crimes as recommended by the New York State White Collar Crime Task Force. SUMMARY OF PROVISIONS : Section 1 of this bill amends section 470.00 of the penal law by adding three new subdivisions 11, 12, and 13. Subdivision 11 defines "structures". Subdivision 12 defines "monetary transaction". Subdivision 13 defines "property derived from specified criminal conduct".
2015-S5578 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5578 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Codes AN ACT to amend the penal law, in relation to establishing certain offenses relating to structuring, money laundering and defrauding the government; to amend the tax law, in relation to eliminating the one- year time requirement for aggregation payments and in relation to disclosure of certain tax returns to a grand jury; and to amend the criminal procedure law, in relation to geographical jurisdiction of offenses THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 470.00 of the penal law is amended by adding three new subdivisions 11, 12 and 13 to read as follows: 11. "STRUCTURES" FOR PURPOSES OF SECTIONS 470.30 AND 470.31 OF THIS ARTICLE, A PERSON STRUCTURES A TRANSACTION WHEN, WITH THE INTENT TO EVADE ANY REPORTING REQUIREMENT UNDER THE NEW YORK STATE BANKING LAW OR 31 U.S.C. SS 5311 THROUGH 5326, OR ANY REGULATION PRESCRIBED THEREUNDER, HE OR SHE CONDUCTS OR ATTEMPTS TO CONDUCT ONE OR MORE RELATED TRANS- ACTIONS IN CURRENCY, IN ANY AMOUNT, WITH ONE OR MORE FINANCIAL INSTI- TUTIONS, ON ONE OR MORE DAYS. STRUCTURING INCLUDES, BUT IS NOT LIMITED TO, THE BREAKING DOWN OF A SINGLE SUM OF CURRENCY EXCEEDING TEN THOUSAND DOLLARS INTO SMALLER SUMS, INCLUDING SUMS AT OR BELOW TEN THOUSAND DOLLARS, OR THE CONDUCT OF A TRANSACTION, OR SERIES OF CURRENCY TRANS- ACTIONS, INCLUDING TRANSACTIONS AT OR BELOW TEN THOUSAND DOLLARS. THE TRANSACTION OR TRANSACTIONS NEED NOT EXCEED THE TEN THOUSAND DOLLAR REPORTING THRESHOLD AT ANY SINGLE FINANCIAL INSTITUTION OR ON ANY SINGLE DAY IN ORDER TO CONSTITUTE STRUCTURING. 12. "MONETARY TRANSACTION" MEANS A DEPOSIT, WITHDRAWAL, TRANSFER BETWEEN ACCOUNTS, EXCHANGE OF CURRENCY, LOAN, EXTENSION OF CREDIT, PURCHASE OR SALE OF ANY STOCK, BOND, CERTIFICATE OF DEPOSIT, OR OTHER MONETARY INSTRUMENT, USE OF A SAFE DEPOSIT BOX, OR ANY OTHER PAYMENT, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11108-01-5
2015-S5578A (ACTIVE) - Details
- Current Committee:
- Senate Codes
- Law Section:
- Penal Law
- Laws Affected:
- Amd Pen L, generally; amd §§1807 & 697, Tax L; amd §20.40, CP L
- Versions Introduced in 2017-2018 Legislative Session:
-
S1491
2015-S5578A (ACTIVE) - Summary
Establishes certain offenses relating to structuring, money laundering and defrauding the government; eliminates the one-year time requirement for aggregation payments; relates to the disclosure of tax returns to grand juries; relates to geographical jurisdiction of certain offenses.
2015-S5578A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5578A TITLE OF BILL : An act to amend the penal law, in relation to establishing certain offenses relating to structuring, money laundering and defrauding the government; to amend the tax law, in relation to eliminating the one-year time requirement for aggregation payments and in relation to disclosure of certain tax returns to a grand jury; and to amend the criminal procedure law, in relation to geographical jurisdiction of offenses PURPOSE : To reform the penal law, tax law, and criminal procedural law with respect to tax and money laundering crimes as recommended by the New York State White Collar Crime Task Force. SUMMARY OF PROVISIONS : Section 1 of this bill amends section 470.00 of the penal law by adding three new subdivisions 11, 12, and 13. Subdivision 11 defines "structures". Subdivision 12 defines "monetary transaction". Subdivision 13 defines "property derived from specified criminal conduct". Section 2 of this bill amends the penal law by adding four new sections 470.30, 470.31, 470.32 and 470.33. Section 470.30 creates the
2015-S5578A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5578--A 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Codes -- recommitted to the Committee on Codes in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the penal law, in relation to establishing certain offenses relating to structuring, money laundering and defrauding the government; to amend the tax law, in relation to eliminating the one- year time requirement for aggregation payments and in relation to disclosure of certain tax returns to a grand jury; and to amend the criminal procedure law, in relation to geographical jurisdiction of offenses THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 470.00 of the penal law is amended by adding three new subdivisions 11, 12 and 13 to read as follows: 11. "STRUCTURES" FOR PURPOSES OF SECTIONS 470.30 AND 470.31 OF THIS ARTICLE, A PERSON STRUCTURES A TRANSACTION WHEN, WITH THE INTENT TO EVADE ANY REPORTING REQUIREMENT UNDER THE NEW YORK STATE BANKING LAW OR 31 U.S.C. SS 5311 THROUGH 5326, OR ANY REGULATION PRESCRIBED THEREUNDER, HE OR SHE CONDUCTS OR ATTEMPTS TO CONDUCT ONE OR MORE RELATED TRANS- ACTIONS IN CURRENCY, IN ANY AMOUNT, WITH ONE OR MORE FINANCIAL INSTI- TUTIONS, ON ONE OR MORE DAYS. STRUCTURING INCLUDES, BUT IS NOT LIMITED TO, THE BREAKING DOWN OF A SINGLE SUM OF CURRENCY EXCEEDING TEN THOUSAND DOLLARS INTO SMALLER SUMS, INCLUDING SUMS AT OR BELOW TEN THOUSAND DOLLARS, OR THE CONDUCT OF A TRANSACTION, OR SERIES OF CURRENCY TRANS- ACTIONS, INCLUDING TRANSACTIONS AT OR BELOW TEN THOUSAND DOLLARS. THE TRANSACTION OR TRANSACTIONS NEED NOT EXCEED THE TEN THOUSAND DOLLAR REPORTING THRESHOLD AT ANY SINGLE FINANCIAL INSTITUTION OR ON ANY SINGLE DAY IN ORDER TO CONSTITUTE STRUCTURING. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11108-02-6
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