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09.01.08.00.htm 09.01.08.00. Title 09 MARYLAND DEPARTMENT OF LABOR Subtitle 01 OFFICE OF THE SECRETARY Chapter 08 Currency Transactions Authority: Corporations and Associations Article, §1-503, Annotated Code of Maryland
09.01.08.01.htm 09.01.08.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) Currency.. a) "Currency" means currency and coin of the United States or any other country including United States silver certificates, United States notes, and Federal Reserve notes.b) "Currency" does not include bank checks, traveler's checks, bank drafts, wire transfers, money orders, or other negotiable or monetary instruments not customarily accepted as money.
09.01.08.02.htm 09.01.08.02. 02 Reporting by Persons Engaging in a Trade or Business.. A. Each person engaged in a trade or business who receives more than $10,000 in currency in one transaction, which takes place in this State, shall keep a record of each transaction. Individuals shall keep a record of only those transactions occurring during the course of the individual's trade or business.B. A single transaction may not be divided into multiple transactions in order to avoid reporting under this regulation.
09.01.08.03.htm 09.01.08.03. 03 Availability of Reports.. A. The Secretary shall make available to the Office of the Attorney General and the Department of Public Safety and Correctional Services a copy of each Form 8300 filed with the Secretary, on at least a monthly basis.B. The Secretary shall make available to any other criminal justice agency of federal, State, or municipal government, upon request, a copy of any Form 8300 filed with the Secretary.C. The copies of Form 8300 are not public records
09.01.08.04.htm 09.01.08.04. 04 Failure to Report.. A. After notice and opportunity for a hearing, as provided in State Government Article, Title 10, the Secretary may assess a civil penalty not to exceed $50 for each day that the Form 8300 is in arrears.B. For the purpose of determining the civil penalty, the Secretary shall assess a separate penalty for each store, division, branch, department, headquarters, or office, regardless of physical location.
09.01.08.9999.htm 09.01.08.9999. Administrative History Effective date:. Regulations .01―04 adopted as an emergency provision effective August 1, 1990 (17:17 Md. R. 2074) emergency status expired January 1, 1991
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