Document background
The Authorization Letter In Bank is a crucial document in Indonesian banking operations, designed to facilitate banking transactions when the account holder cannot personally conduct them. This document is essential in situations where account holders need to delegate banking authority, whether due to business necessities, physical absence, or other practical constraints. It must comply with Indonesian Banking Law and Bank Indonesia regulations, particularly regarding Know Your Customer (KYC) principles and anti-money laundering requirements. The letter typically includes detailed identification of both parties, specific banking powers granted, validity period, and necessary witness attestations. It's commonly used for both personal and corporate accounts, requiring proper verification and authentication by bank officials.
