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2022 Maryland Statutes
Criminal Law
Title 5 - Controlled Dangerous Substances, Prescriptions, and Other Substances
Subtitle 6 - Crimes Involving Controlled Dangerous Substances and Paraphernalia
Part III - Related and Derivative Crimes
Section 5-623 - Proceeds of Drug Crime

Universal Citation:
MD. Criminal Law Code § 5-623 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official 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.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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