{"data":{"id":"us-md/md.-code-financial-institutions-12-803","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 12–803","heading":"","body":"(a) A financial institution shall keep a record of currency transactions in excess of $10,000 and shall file with the Department within 15 days of the date of the transaction pursuant to regulations adopted by the Secretary a complete report of currency transactions in excess of $10,000.\n(b) The reporting requirements of this section are complied with if:\n(1) A financial institution files with the Department a duplicate copy of the report required by 31 U.S.C. § 5313; or\n(2) The information in the report required by 31 U.S.C. § 5313 is available to the Department from a federal agency.\n(c) The Secretary shall adopt regulations to carry out the purposes of this subtitle and to provide for the exemption of transactions which are clearly of a legitimate nature and for which mandatory reporting would serve no useful purpose.\n(d) A transaction that is exempt from reporting by a financial institution under federal law is also exempt from the reporting requirements of this subtitle.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=12-803","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"2a417038dac18c7c1159ffc68e8cac7be45d99ba35a927ba0b2b85c3276fd677","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-12-802","next":"us-md/md.-code-financial-institutions-12-804"},"notice":"GroundRules: Original legal text. Not legal advice."}