{"data":{"id":"us-ny/n.y.-penal-law-470.05","jurisdiction":"us-ny","citation":"N.Y. Penal Law § 470.05","heading":"Money laundering in the fourth degree","body":"§ 470.05 Money laundering in the fourth degree.\n  A person is guilty of money laundering in the fourth degree when:\n  1. Knowing that the property involved in one or more financial\ntransactions represents the proceeds of criminal conduct:\n  (a) he or she conducts one or more such financial transactions which\nin fact involve the proceeds of specified criminal conduct:\n  (i) With intent to:\n  (A) promote the carrying on of 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 criminal conduct; or\n  (B) avoid any transaction reporting requirement imposed by law; and\n  (b) The total value of the property involved in such financial\ntransaction or transactions exceeds five thousand dollars; or\n  2. Knowing that one or more monetary instruments represents the\nproceeds of criminal conduct:\n  (a) he or she transports, transmits, or transfers on one or more\noccasions, monetary instruments which in fact represent the proceeds of\nspecified criminal conduct:\n  (i) With intent to promote the carrying on of criminal conduct; or\n  (ii) Knowing that such transportation, transmittal, or transfer is\ndesigned in whole or in part to:\n  (A) conceal or disguise the nature, the location, the source, the\nownership, or the control of the proceeds of criminal conduct; or\n  (B) avoid any transaction reporting requirement imposed by law; and\n  (b) The total value of such monetary instrument or instruments exceeds\nten thousand dollars; or\n  3. He or she conducts one or more financial transactions:\n  (a) involving property represented to be the proceeds of specified\ncriminal conduct, or represented to be property used to conduct or\nfacilitate specified criminal conduct, 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 the proceeds of\nspecified criminal conduct; or\n  (iii) avoid any transaction reporting requirement imposed by law; and\n  (b) the total value of the property involved in such financial\ntransaction or transactions exceeds ten thousand dollars.\n  Money laundering in the fourth degree is a class E felony.","path":["Penal Law","Part 4. Administrative Provisions","Title X. Organized Crime Control Act","Article 470. Money Laundering"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PEN/470.05","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"f2138cc1616288c0bda500893c4c249155d9abc7a1a7936f209a2c68a28ec730","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-penal-law-470.03","next":"us-ny/n.y.-penal-law-470.10"},"notice":"GroundRules: Original legal text. Not legal advice."}