N.Y. PEN Law § 470.24
This is the official text of N.Y. PEN Law § 470.24, part of New York’s Penal Law — defines crimes and punishments in New York.
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Money laundering in support of terrorism in the first degree
Official statutory text
§ 470.24 Money laundering in support of terrorism in the first degree.\n A person is guilty of money laundering in support of terrorism in the\nfirst degree when:\n 1. Knowing that the property involved in one or more financial\ntransactions represents either the proceeds of an act of terrorism as\ndefined in subdivision one of section 490.05 of this part, or a monetary\ninstrument given, received or intended to be used to support a violation\nof article four hundred ninety of this part:\n (a) he or she conducts one or more financial transactions which in\nfact involve either the proceeds of an act of terrorism as defined in\nsubdivision one of section 490.05 of this part, or a monetary instrument\ngiven, received or intended to be used to support a violation of article\nfour hundred ninety of this part:\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 either the proceeds of an\nact of terrorism as defined in subdivision one of section 490.05 of this\npart, or a monetary instrument given, received or intended to be used to\nsupport a violation of article four hundred ninety of this part; or\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 seventy-five thousand dollars.\n 2. He or she conducts one or more financial transactions involving\nproperty represented to be either the proceeds of an act of terrorism as\ndefined in subdivision one of section 490.05 of this part, or a monetary\ninstrument given, received or intended to be used to support a violation\nof article four hundred ninety of this part:\n (a) With intent to:\n (i) promote the carrying on of specified criminal conduct; or\n (ii) conceal or disguise the nature, the location, the source, the\nownership or the control of property believed to be either the proceeds\nof an act of terrorism as defined in subdivision one of section 490.05\nof this part, or a monetary instrument given, received or intended to be\nused to support a violation of article four hundred ninety of this part;\nor\n (iii) avoid any transaction reporting requirement imposed by law; and\n (b) The total represented value of the property involved in such\nfinancial transaction or transactions exceeds one hundred twenty-five\nthousand dollars.\n Money laundering in support of terrorism in the first degree is a\nclass B felony.\n
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