Document background
The Authorization Letter for Opening Bank Account is a crucial document in Singapore's banking ecosystem, designed to facilitate secure delegation of banking account establishment. This document becomes necessary when an individual or entity cannot personally be present for the account opening process or wishes to delegate this authority to a representative. It must conform to Singapore's robust banking regulations, including MAS guidelines and AML/CFT requirements. The letter typically specifies the scope of authority, account details, and includes necessary identification information for both the authorizer and authorized person, ensuring compliance with Singapore's banking security protocols.
