New York statute
N.Y. Penal Law § 470.25 — Money laundering; fines
Current through 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17)
Part of Article 470: Money Laundering, New York Penal Law.
Full text of N.Y. Penal Law § 470.25
Statutory text current through the 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17). This publication reproduces the text of the Consolidated Laws of New York as provided by the New York State Senate's Open Legislation service (Legislative Bill Drafting Commission statutory text); it is not the official statutes of the State of New York.
470.25 Money laundering; fines.
1. Any person convicted of a violation of section 470.05, 470.10,
470.15, or 470.20 of this article may be sentenced to pay a fine not in
excess of two times the value of the monetary instruments which are the
proceeds of specified criminal activity. When a fine is imposed pursuant
to this subdivision, the court shall make a finding as to the value of
such monetary instrument or instruments. If the record does not contain
sufficient evidence to support such a finding the court may conduct a
hearing upon the issue. In imposing a fine, the court shall consider the
seriousness of the conduct, whether the amount of the fine is
disproportionate to the conduct in which he engaged, its impact on
victims, as well as the economic circumstances of the convicted person,
including the effect of the imposition of such a fine upon his immediate
family.
2. The imposition of a fine pursuant to subdivision one of this
section or paragraph b of subdivision one of section 80.00 of this
chapter, shall preclude the imposition of any other order or judgment of
forfeiture or fine based upon the same criminal conduct.
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