S 3698: Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

  
  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