Section 1: Definitions
485 words·~2 min read·
/ma/part-iv/title-i/chapter-267a/1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1. As used in this chapter, the following words shall have the following meanings unless the context clearly requires otherwise:
''Criminal activity'', activity which constitutes a criminal offense punishable under the laws of the commonwealth by imprisonment in a state prison or a criminal offense committed in another jurisdiction punishable under the laws of that jurisdiction as a felony.
''Financial institution'',
(1)a bank as defined in section 1 of chapter 167;
(2)a national banking association, bank, savings and loan association, savings bank, cooperative bank, building and loan or credit union organized under the laws of the United States;
(3)a banking association, bank, savings and loan association, savings bank, cooperative bank, building and loan or credit union organized under the laws of any state;
(4)an agency, agent or branch of a foreign bank;
(5)a currency dealer or exchange;
(6)a person or business engaged primarily in the cashing of checks;
(7)a person or business regularly engaged in the issuing, selling or redeeming of traveler's checks, money orders or similar instruments;
(8)a broker or dealer in securities or commodities;
(9)a licensed transmitter of funds or other person or business regularly engaged in the transmission of funds to a foreign nation for others;
(10)an investment banker or investment company;
(11)an insurer;
(12)a dealer in precious metals, stones or jewels;
(13)a pawnbroker or scrap metal dealer;
(14)a telegraph or other communications company;
(15)a personal property or real estate broker;
(16)a dealer in vehicles including, but not limited to, automobiles, aircraft and vessels;
(17)an operator of a betting or gaming establishment;
(18)a travel agent;
(19)a thrift institution, as defined in section 1 of chapter 167F;
(20)an operator of a credit card system; or
(21)a loan or finance company.
''Monetary instrument'', the currency and coin of the United States or any foreign country; any bank check, money order, stock, investment security, or negotiable instrument in bearer form or otherwise in such form that title passes upon delivery; gold, silver or platinum bullion or coins; diamonds, emeralds, rubies or sapphires; any negotiable instrument including, bank checks, cashier's checks, traveler's checks or monetary orders made payable to the order of a named party that have not been endorsed or which bear restrictive endorsements; poker chips, vouchers or other tokens exchangeable for cash by gaming entities; and credit cards, debit cards, gift cards, gift certificates or scrips.
''Transaction'', a purchase, sale, loan, pledge, gift, transfer, delivery or other disposition and, with respect to a financial institution, including, but not limited to, a deposit, withdrawal, bailment, transfer between accounts, exchange of currency, loan, extension of credit, purchase or sale of any stock, bond, certificate of deposit or other monetary instrument, use of a safe deposit box or any other payment, transfer or delivery by, through or to a financial institution, by whatever means effected.