Document background
The Permission Letter for Bank Account Opening is a crucial document in Singapore's banking ecosystem, used when an individual or entity needs to authorize another party to open and manage a bank account on their behalf. This might occur in various scenarios such as parent-child relationships, corporate authorizations, or care arrangements. The document must align with Singapore's stringent banking regulations, including MAS guidelines and anti-money laundering requirements. It typically includes detailed information about all parties involved, specific authorizations granted, and any limitations or conditions attached to the permission.
