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
