5 Del. C. § 2323: Suspension and revocation [For application of this section, see 85 Del. Laws, c. 338, § 3].

(a) The Commissioner may suspend or revoke a license or order a licensee to revoke the designation of an authorized delegate if any of the following apply:

(1) The licensee fails to comply with any provision of this chapter, any rule or regulation adopted by the Commissioner, or any other applicable state or federal law.

(2) The Commissioner becomes aware of a fact or condition that, had it existed at the time of the original application, would have provided grounds for the Commissioner to deny the application.

(3) The licensee fails to cooperate with an examination or investigation by the Commissioner.

(4) The licensee engages in fraud, intentional misrepresentation, or gross negligence or employs operational practices that are unfair, deceptive, or abusive.

(5) An authorized delegate is convicted of a state or federal anti-money laundering statute, or violates a rule adopted or an order issued under this chapter, as a result of the licensee’s wilful misconduct or wilful blindness.

(6) The competence, experience, character, or general fitness of the licensee, authorized delegate, person in control of a licensee, key individual, or responsible person of the authorized delegate indicates that it is not in the public interest.

(7) The licensee engages in unsafe or unsound practice.

(8) The licensee is insolvent, suspends payment of its obligations, or makes a general assignment for the benefit of its creditors.

(9) The licensee fails to remove an authorized delegate after being serviced with a final order from the Commissioner finding that the delegate has violated this chapter.

(b) In determining whether a licensee is engaging in an unsafe or unsound practice, the Commissioner may consider the size and condition of the licensee’s money transmission, the magnitude of the loss, the gravity of the violation of this chapter, and the previous conduct of the person involved.