Sec. 06.55.407. Confidentiality.

312 words·~1 min read·/ak/title-6/chapter-55/06-55-407

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Except as otherwise provided in

(b)of this section, all information or reports obtained by the department from an applicant, a licensee, or an authorized delegate are confidential and not subject to disclosure under AS 40.25.100 — 40.25.295, including

(1)all information contained in or related to examination, investigation, operating, or condition reports prepared by, on behalf of, or for the use of the department; and

(2)financial statements, balance sheets, and authorized delegate information.

(b)The department may disclose information that is not otherwise subject to disclosure under

(a)of this section to representatives of state or federal agencies who promise in a record that they will maintain the confidentiality of the information or if the department finds that the release is reasonably necessary for the protection of the public and in the interests of justice, and the money services licensee has been given previous notice by the department of its intent to release the information.

(c)This section does not prohibit the department from disclosing to the public a list of money services licensees or the aggregated financial data concerning those money services licensees.

(d)A money services licensee or an authorized delegate may not disclose to another person financial information provided to the money services licensee or the authorized delegate by a customer except when, and only to the extent that, the disclosure is

(1)authorized in writing by the customer;

(2)required by federal, state, or local law;

(3)required by an order issued by a court or an administrative agency; or

(4)part of the money services transaction ordered by the customer.

(e)In

(d)of this section, “financial information” means an individual's social security number, individual taxpayer identification number, account number, credit card account number, debit card account number, personal identification number, payment instrument number, or access code.

Article 5. Permissible Investments.