A bill meant to crack down on those who seek to scam veterans through unnecessary financial products or services was signed into law on Friday by Gov. Andrew Cuomo.

The legislation blocks entities from receiving compensation for aiding veterans and their dependents by preparing a claim for benefit services they are not authorized to provide.

“Our veterans bravely put their lives on the line to protect our country and our freedoms, and we owe it to them to help ensure they have the protections and resources they need to be financially stable in the future,” Cuomo said.

“There are plenty of business that legitimately assist veterans and their families. However, there are far too many bad actors who prey upon the individuals who have valiantly served our state and our nation, causing irreparable financial harm. In enacting the strongest state legislation in the nation to protect our veterans and their families from these pension poaching schemes, we are sending a clear message to these unscrupulous entities that we will not allow them to abuse our service members and recognizing the sacrifice these brave men and women have made.”

The measure is meant to tackle “pension poaching” — scams that often involve financial planners, insurance agents or other entities that have targeted elderly or disabled veterans.

The pitch sometimes masked as helping veteran families obtain benefits from the Department of Veterans Affairs, but often lead to veterans repositioning their assets in order to qualify for benefits they aren’t eligible for. In turn, the entities sell veterans unneeded financial products or services to earn a commission or fee.

The bill was sponsored by Sen. David Carlucci and Assemblyman Walter Mosley.

“This legislation which I sponsored with Assemblyman Mosley will crackdown on the despicable crime of pension poaching by preventing scammers from profiting off a veteran’s service,” Carlucci said. “Veterans are heroes who have served our country selflessly to defend our freedoms. Now it’s our turn to help protect them from scam artists who seek to steal their hard earned money.”