Document background
The Account Authorization Letter is a critical document used in Swiss banking relationships to formally delegate banking authority from an account holder to a designated representative. It is commonly required when account holders need to grant access to their accounts for business operations, personal assistance, or during extended absences. The document must comply with strict Swiss banking regulations, including the Swiss Federal Banking Act and Anti-Money Laundering Act, while adhering to Swiss privacy laws. This authorization letter typically specifies the scope of authority granted, including whether the authorized person can make transactions, access account information, or perform specific banking operations. It's particularly relevant for business continuity planning, wealth management arrangements, and situations requiring delegated financial management under Swiss jurisdiction.
