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An Authorization Letter For Bank Statement Of Account is a crucial document in Singapore's banking ecosystem, required when an account holder needs to grant a third party access to their bank statements. This document is commonly used for various purposes including audit requirements, visa applications, property transactions, or business dealings. It must comply with Singapore's strict banking regulations, including the Banking Act and MAS guidelines, and typically includes the account holder's details, authorized party's information, specific permissions granted, and validity period. The authorization can be limited in scope and duration as per the account holder's requirements.
