Senate Bill S3698

2025-2026 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Banks Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-S3698 (ACTIVE) - Details

See Assembly Version of this Bill:
A1515
Current Committee:
Senate Banks
Law Section:
Banking Law
Laws Affected:
Amd §371, Bank L
Versions Introduced in Other Legislative Sessions:
2011-2012: A6763
2013-2014: A913
2015-2016: A3178
2017-2018: A5471
2019-2020: A3915
2021-2022: A8919
2023-2024: S6805, A1476

2025-S3698 (ACTIVE) - Summary

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

2025-S3698 (ACTIVE) - Sponsor Memo

2025-S3698 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3698
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             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:
 
   Section  1. Section 371 of the banking law, as added by chapter 151 of
 the laws of 1945, is amended to read as follows:
   § 371.  Regulations.  The  superintendent  is  hereby  authorized  and
 empowered to make such rules and regulations, and such specific rulings,
 demands, and findings as [he] SUCH SUPERINTENDENT may deem necessary for
 the proper conduct of the business authorized and licensed under and for
 the enforcement of this article, in addition hereto and not inconsistent
 herewith.   SUCH RULES, REGULATIONS, RULINGS, DEMANDS AND FINDINGS SHALL
 INCLUDE, BUT NOT BE LIMITED TO, REQUIRING LICENSED CASHERS OF CHECKS  TO
 FILE SUSPICIOUS ACTIVITY REPORTS.
   § 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

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