Bill Text: NY S06805 | 2023-2024 | General Assembly | Introduced

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Bill Title: Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-06-07 - COMMITTED TO RULES [S06805 Detail]

Download: New_York-2023-S06805-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6805

                               2023-2024 Regular Sessions

                    IN SENATE

                                      May 10, 2023
                                       ___________

        Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Banks

        AN ACT to amend the banking law, in relation to requiring licensed cash-
          ers of checks to file suspicious activity reports

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Section 371 of the banking law, as added by chapter 151 of
     2  the laws of 1945, is amended to read as follows:
     3    § 371.  Regulations.  The  superintendent  is  hereby  authorized  and
     4  empowered to make such rules and regulations, and such specific rulings,
     5  demands,  and  findings  as  he or she may deem necessary for the proper
     6  conduct of the business  authorized  and  licensed  under  and  for  the
     7  enforcement  of  this  article,  in addition hereto and not inconsistent
     8  herewith.  Such rules, regulations, rulings, demands and findings  shall
     9  include,  but not be limited to, requiring licensed cashers of checks to
    10  file suspicious activity reports.
    11    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01452-01-3