It is the purpose of this subtitle to require certain reports and records of transactions involving currency where such reports and records have a high degree of usefulness in criminal investigations or proceedings that pertain to the subject of the report.
(a) In this subtitle the following words have the meanings indicated. (b) “Currency” means currency and coin of the United States or any other country. (c) “Department” means the Maryland Department of Labor. (d) “Person engaged in a trade or business” means an individual, partnership, limited liability company, firm, trust, estate, association, corporation, or other entity: (1) engaged in vehicle […]
(a) A person engaged in a trade or business who, in the course of that trade or business, receives more than $10,000 in currency in 1 transaction shall keep a record of the transaction and shall file with the Department within 15 days of the date of the transaction a report of the transaction. (b) The reporting […]
(a) The Department of Public Safety and Correctional Services, the Department of State Police, and the Office of the Attorney General shall have access to and shall be authorized to inspect and copy any reports filed with the Department under this article. (b) The Department may make the contents of a report available to other criminal justice […]
(a) (1) The Secretary may assess a civil penalty against a person engaged in a trade or business for each knowing and willful violation of this subtitle. (2) The civil penalty may not exceed $50 for each day the violation continues. (3) For purposes of this section, a separate violation occurs at each office, branch, or place of business […]
