Ch. 411 LAWS OF MARYLAND
(III) ^OR BOTH.

Article - Financial Institutions

SUBTITLE 8. CURRENCY TRANSACTIONS

12-801.

IT IS THE PURPOSE OF THIS SUBTITLE TO REQUIRE CERTAIN
REPORTS AND RECORDS OF TRANSACTIONS INVOLVING CURRENCY
WHERE THE REPORTS AND RECORDS HAVE A HIGH DEGREE OF
USEFULNESS IN CRIMINAL INVESTIGATIONS OR PROCEEDINGS WHICH
PERTAIN TO THE SUBJECT OF THE REPORT.

12-802.

(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 DEPARTMENT OF PUBLIC SAFETY
AND CORRECTIONAL SERVICES LICENSING AND REGULATION.

(D) "FINANCIAL INSTITUTION" MEANS:

(1) A NATIONAL BANKING ASSOCIATION;

(2) A STATE BANKING INSTITUTION;

(3) A CREDIT UNION THAT IS ORGANIZED UNDER THE LAWS
OF THIS STATE OR OF THE UNITED STATES;

(4) ANY OTHER ORGANIZATION THAT IS ORGANIZED UNDER
THE BANKING LAWS OF THE STATE AND SUBJECT TO THE SUPERVISION
OF THE BANK COMMISSIONER;

(5) A SAVINGS AND LOAN ASSOCIATION THAT IS ORGANIZED
UNDER THE LAWS OF THE STATE OR OF THE UNITED STATES; OR

(6) PERSONS ENGAGED IN THE BUSINESS OF CASHING CHECKS
FOR A FEE UNLESS PERFORMED INCIDENTAL TO THE SALE OF GOODS
OR SERVICES.

(E) "PERSON" MEANS AN INDIVIDUAL, PARTNERSHIP, FIRM, TRUST,
ESTATE, ASSOCIATION, CORPORATION, OR OTHER ENTITY.

(F) "SECRETARY" MEANS THE SECRETARY OF PUBLIC SAFETY AND
CORRECTIONAL SERVICES LICENSING AND REGULATION.

(G) "TRANSACTION" INCLUDES THE DEPOSIT, WITHDRAWAL,
TRANSFER, BAILMENT, LOAN, PLEDGE PAYMENT OR EXCHANGE OF
CURRENCY BY, THROUGH OR TO THE FINANCIAL INSTITUTION.

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