N.Y. Penal Law § 470.03: Money laundering: aggregation of value; other matters

§ 470.03 Money laundering: aggregation of value; other matters.

1. For purposes of subdivisions one and three of sections 470.05,

470.10, 470.15, 470.21, 470.22 and 470.23, and for purposes of

subdivisions one and two of sections 470.20 and 470.24 of this article,

financial transactions may be considered together and the value of the

property involved may be aggregated, provided that the transactions are

all part of a single "criminal transaction" as defined in subdivision

two of section 40.10 of the criminal procedure law.

2. For purposes of subdivision two of sections 470.05, 470.10, 470.15,

470.21, 470.22 and 470.23 of this article, separate occasions involving

the transport, transmittal or transfer of monetary instruments may be

considered together and the value of the monetary instruments involved

may be aggregated, provided that the occasions are all part of a single

"criminal transaction" as defined in subdivision two of section 40.10 of

the criminal procedure law.

3. Nothing in sections 470.05, 470.21, 470.22, 470.23 and 470.24;

paragraph (b) of subdivision one, paragraph (b) of subdivision two and

paragraph (b) of subdivision three of section 470.10; paragraph (b) of

subdivision one, paragraph (b) of subdivision two and paragraph (b) of

subdivision three of section 470.15; or paragraph (b) of subdivision one

and paragraph (b) of subdivision two of section 470.20 of this article

shall make it unlawful to return funds held in escrow:

(a) as a portion of a purchase price for real property pursuant to a

contract of sale; or

(b) to satisfy the tax or other lawful obligations arising out of an

administrative or judicial proceeding concerning the person who provided

the escrow funds.