Banking Act (Chapter 19): Primary legislation governing banking operations and transactions in Singapore, including provisions for bank account operations and authorized transactions
MAS Guidelines: Regulatory framework by Monetary Authority of Singapore covering financial institution regulations, anti-money laundering requirements, and Know Your Customer (KYC) policies
Electronic Transactions Act (Chapter 88): Legislation governing electronic transactions and digital signatures, relevant if the authorization involves electronic processing
Personal Data Protection Act 2012 (PDPA): Law governing the protection of personal information and consent requirements for sharing personal data in Singapore
Civil Law Act (Chapter 43): Fundamental legislation covering general contract law principles, agency relationships and authority delegation in Singapore
Bank-specific Requirements: Individual bank policies and procedures that must be followed for authorization letters and money withdrawal
Identity Verification Requirements: Mandatory procedures for verifying the identity of both the authorizer and the authorized person
Witness/Notarization Requirements: Legal requirements for witnessing or notarizing the authorization letter if applicable under Singapore law
Power of Attorney Provisions: Relevant legal provisions regarding power of attorney if the authorization letter serves as a limited power of attorney for banking transactions
