§ 5–623
Statutes in effect as of October 1, 2026.
Md. Code Ann., Crim. Law § 5-623 (2026)
Title 5. Controlled Dangerous Substances, Prescriptions, and Other Substances
Subtitle 6. Crimes Involving Controlled Dangerous Substances and Paraphernalia
§ 5–623LinkCopy Citation
(a)
(1)
In this section the following words have the meanings indicated.
(2)
“Drug crime” means:
(i)
a crime under this title; or
(ii)
a crime committed in another jurisdiction that would be a crime under this title if committed in this State.
(3)
“Financial transaction” means:
(i)
a payment;
(ii)
a purchase;
(iii)
a sale;
(iv)
a loan;
(v)
a pledge;
(vi)
a transfer;
(vii)
a delivery;
(viii)
a deposit;
(ix)
a withdrawal; or
(x)
an extension of credit or exchange of a monetary instrument or equivalent property, including precious metals, stones or jewelry, airline tickets, stamps, or credit in a financial institution as defined in § 1-101 of the Financial Institutions Article.
(4)
“Monetary instrument” means:
(i)
coin or currency of the United States or any other country;
(ii)
a bank check;
(iii)
a travelers’ check;
(iv)
a money order;
(v)
an investment security; or
(vi)
a negotiable instrument.
(5)
“Proceeds” means money or any other property with a value exceeding $10,000.
(b)
Except for a financial transaction necessary to preserve a person’s right to representation as guaranteed by the 6th Amendment to the United States Constitution and Article 21 of the Maryland Declaration of Rights, a person may not, with the intent to promote a drug crime or with the intent to conceal or disguise the nature, location, source, ownership, or control of proceeds of a drug crime:
(1)
receive or acquire proceeds knowing that the proceeds are derived from a drug crime;
(2)
engage in a financial transaction involving proceeds knowing that the proceeds are derived from a drug crime;
(3)
give, sell, transfer, trade, invest, conceal, transport, or maintain an interest in proceeds knowing that the proceeds are derived from a drug crime;
(4)
direct, promote, plan, organize, initiate, finance, manage, supervise, or facilitate the transportation or transfer of proceeds knowing that the proceeds are derived from a drug crime; or
(5)
conduct a financial transaction involving proceeds knowing that the proceeds are derived from a drug crime.
(c)
A person who violates this section is guilty of a felony and on conviction is subject to:
(1)
for a first violation:
(i)
imprisonment not exceeding 5 years;
(ii)
a fine not exceeding the greater of $250,000 or twice the value of the proceeds involved in the financial transaction; or
(iii)
both; or
(2)
for each subsequent violation:
(i)
imprisonment not exceeding 10 years;
(ii)
a fine not exceeding the greater of $500,000 or 5 times the value of the proceeds involved in the financial transaction; or
(iii)
both.
(d)
Notwithstanding any other provision of law, for purposes of this section each financial transaction is a separate violation.