The Director may, in his discretion, require any or all lottery sales agents to deposit to the credit of the Virgin Islands Lottery Fund in banks, designated by the Commissioner of Finance all moneys received by such agents from the sale of lottery tickets or shares, less the amount if any, retained as compensation for the sale of the tickets or shares, and to file with the Director or his designated agents reports of their receipts and transactions in the sale of lottery tickets in such form and containing such information as he may require. a The Director may make such arrangements for any person, including a bank, to perform such functions, activities or services in connection with the operation of the lottery as he may deem advisable pursuant to this chapter and the rules and regulations of the Commission, and such functions, activities or services shall constitute lawful functions, activities and services of such person.