{"jurisdiction": "us-ny", "code": "penal", "section": "470.05", "citation": "Penal Law § 470.05", "heading": "Money laundering in the fourth degree", "text": ["§ 470.05 Money laundering in the fourth degree.", "A person is guilty of money laundering in the fourth degree when:", "1. Knowing that the property involved in one or more financial transactions represents the proceeds of criminal conduct:", "(a) he or she conducts one or more such financial transactions which in fact involve the proceeds of specified criminal conduct:", "(i) With intent to:", "(A) promote the carrying on of 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 criminal conduct; or", "(B) avoid any transaction reporting requirement imposed by law; and", "(b) The total value of the property involved in such financial transaction or transactions exceeds five thousand dollars; or", "2. Knowing that one or more monetary instruments represents the proceeds of criminal conduct:", "(a) he or she transports, transmits, or transfers on one or more occasions, monetary instruments which in fact represent the proceeds of specified criminal conduct:", "(i) With intent to promote the carrying on of criminal conduct; or", "(ii) Knowing that such transportation, transmittal, or transfer is designed in whole or in part to:", "(A) conceal or disguise the nature, the location, the source, the ownership, or the control of the proceeds of criminal conduct; or", "(B) avoid any transaction reporting requirement imposed by law; and", "(b) The total value of such monetary instrument or instruments exceeds ten thousand dollars; or", "3. He or she conducts one or more financial transactions:", "(a) involving property represented to be the proceeds of specified criminal conduct, or represented to be property used to conduct or facilitate specified criminal conduct, with intent to:", "(i) promote the carrying on of specified criminal conduct; or", "(ii) 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", "(iii) avoid any transaction reporting requirement imposed by law; and", "(b) the total value of the property involved in such financial transaction or transactions exceeds ten thousand dollars.", "Money laundering in the fourth degree is a class E felony."], "official_source": "https://www.nysenate.gov/legislation/laws/PEN/470.05", "from_official_api": true, "plain_english": "A person commits fourth-degree money laundering by knowingly dealing with criminal proceeds in any of these ways:\n\n- **(1)** Conducting transactions involving more than **$5,000** in actual specified-crime proceeds to **promote crime**, commit a named tax felony, **conceal the proceeds**, or **avoid reporting**. ★\n- **(2)** **Transporting, transmitting, or transferring** more than **$10,000** in actual specified-crime proceeds to promote crime, conceal the proceeds, or avoid reporting.\n- **(3)** Conducting transactions involving more than **$10,000** in property represented as specified-crime proceeds or facilitating property, intending to promote the crime, conceal the property, or avoid reporting.\n\nThe offense is a **class E felony**. ★", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/penal/470.05", "publisher": "Elyphived LLC"}