Requires transmitters of money to provide a warning which informs consumers of certain fraudulent activities that may occur.

New York Assembly Bill A00390 requires money transmitters to provide clear warnings to consumers about potential fraud risks before completing a transaction. These warnings must include alerts about common scams, such as sending money for lottery winnings or to unknown individuals, and information on how to stop a transfer. The bill also defines the presentation standards for these warnings and outlines penalties for non-compliance.

Positive media analysis is being generated.

Although no direct media criticism is found, potential concerns may arise from money transmission businesses. They might view the bill as imposing additional operational burdens and costs, particularly regarding the implementation of the required warnings and training staff to comply with the new regulations.