Document background
An Authorization Letter For Bank is a critical document used when an account holder needs to delegate banking authority to another person or entity in Hong Kong. This document is commonly required in situations where the account holder is unavailable, operating internationally, or needs to delegate regular banking operations to trusted representatives. The letter must comply with Hong Kong's Banking Ordinance and related regulations, including anti-money laundering requirements. It typically specifies the authorized person's details, scope of authority, duration, and any limitations on transactions. Banks in Hong Kong generally require this document to be properly witnessed and accompanied by identification documents of all parties involved. The authorization can be used for personal accounts, corporate accounts, or specific transaction types, making it a versatile tool for managing banking relationships while maintaining proper control and compliance.
