Can I collect bank account information from participants in Delaware? What are the requirements?

Based on the documents provided, there are no specific regulations that prohibit the collection of bank account information from participants in Delaware. However, it is important to note that the Commissioner and each of the employees who work for the Commissioner shall be bound by their oath of office to keep secret all the facts and information obtained in the course of the examination, except insofar as public duty shall require a report to be made of the examination, and except when the Commissioner or any of the employees who work for the Commissioner, shall be called as a witness or witnesses in any criminal proceeding ^[1.2]. Additionally, foreign banks that are licensed to establish and maintain a representative office in Delaware are required to make, keep and preserve at such office or at such other place as determined by the Commissioner, such books, accounts and other records relating to the business of such office as the Commissioner may require ^[2.2].

Therefore, it is recommended that you consult with the Commissioner’s office to ensure compliance with any applicable regulations.

Source(s):

• [1.2] Disclosure of information; penalty.
• [2.2] Records; reports; fee.

Jurisdiction

Delaware

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