Bill Text: NY S03698 | 2025-2026 | General Assembly | Introduced

New York Senate Bill 3698

Introduced

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) 2025-01-29 - REFERRED TO BANKS [S03698 Detail]

Download: New_York-2025-S03698-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          3698

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 29, 2025
                                       ___________

        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] such superintendent may deem necessary for
     6  the proper conduct of the business authorized and licensed under and for
     7  the 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.
                                                                   LBD03571-01-5