New York statute
N.Y. Penal Law § 470.24 — Money laundering in support of terrorism in the first degree
Current through 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17)
Part of Article 470: Money Laundering, New York Penal Law.
Criminal charges under this statute
Full text of N.Y. Penal Law § 470.24
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.
470.24 Money laundering in support of terrorism in the first degree.
A person is guilty of money laundering in support of terrorism in the
first degree when:
1. Knowing that the property involved in one or more financial
transactions represents either the proceeds of an act of terrorism as
defined in subdivision one of section 490.05 of this part, or a monetary
instrument given, received or intended to be used to support a violation
of article four hundred ninety of this part:
(a) he or she conducts one or more financial transactions which in
fact involve either the proceeds of an act of terrorism as defined in
subdivision one of section 490.05 of this part, or a monetary instrument
given, received or intended to be used to support a violation of article
four hundred ninety of this part:
(i) With intent to:
(A) promote the carrying on of specified 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 either the proceeds of an
act of terrorism as defined in subdivision one of section 490.05 of this
part, or a monetary instrument given, received or intended to be used to
support a violation of article four hundred ninety of this part; or
(B) avoid any transaction reporting requirement imposed by law; and
(iii) The total value of the property involved in such financial
transaction or transactions exceeds seventy-five thousand dollars.
2. He or she conducts one or more financial transactions involving
property represented to be either the proceeds of an act of terrorism as
defined in subdivision one of section 490.05 of this part, or a monetary
instrument given, received or intended to be used to support a violation
of article four hundred ninety of this part:
(a) 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 either the proceeds
of an act of terrorism as defined in subdivision one of section 490.05
of this part, or a monetary instrument given, received or intended to be
used to support a violation of article four hundred ninety of this part;
or
(iii) avoid any transaction reporting requirement imposed by law; and
(b) The total represented value of the property involved in such
financial transaction or transactions exceeds one hundred twenty-five
thousand dollars.
Money laundering in support of terrorism in the first degree is a
class B felony.
Official sources
Legal terms used in this section
Questions this section answers
What class of felony is money laundering in support of terrorism in the first degree in New York?
Money laundering in support of terrorism in the first degree is a Class B Felony in New York under N.Y. Penal Law § 470.24.
Which New York statute covers money laundering in support of terrorism in the first degree?
Money laundering in support of terrorism in the first degree is governed by N.Y. Penal Law § 470.24 (Money laundering in support of terrorism in the first degree).
This reference is informational and is not legal advice.