Document background
The Authorization Letter To Open Bank Account is a crucial document in Singapore's banking ecosystem, particularly when an individual or entity needs to delegate the authority to open and manage bank accounts. This document is commonly used in situations involving overseas business owners, corporate representatives, or when individuals are unable to be physically present for account opening procedures. The letter must adhere to strict Singapore banking regulations, including MAS guidelines and anti-money laundering requirements. It typically contains comprehensive details about the authorizer, the authorized person, specific banking powers granted, and must be properly witnessed and documented to ensure legal validity.
