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The Authority Letter for Bank Account Opening is an essential document in Malaysian business operations, required when a company needs to delegate the authority to open and manage bank accounts to specific individuals. This document is particularly important in situations where the company directors or primary signatories cannot personally handle all banking matters. It must comply with Malaysian banking regulations, including the Financial Services Act 2013 and Bank Negara Malaysia guidelines, while also adhering to the company's internal governance requirements. The letter typically includes detailed information about the authorized persons, specific powers granted, any limitations on authority, and required supporting documentation. It serves as a crucial link between the company's internal authorization processes and the bank's compliance requirements, ensuring smooth and legally compliant banking operations.

1. Letter Header: Complete business letterhead including date, reference number, and proper addressing to the bank

2. Bank Details: Full name and address of the bank branch where the account is to be opened

3. Authorization Declaration: Clear statement of authorization being granted, including the company name and registration number if applicable

4. Authorized Person Details: Complete details of the person(s) being authorized, including full name, IC/passport number, and designation

5. Scope of Authority: Specific powers being granted regarding the bank account opening and operation

6. Duration of Authority: Validity period of the authorization

7. Company Details: Full details of the authorizing company, including registration number and registered address

8. Signatory Section: Space for authorized signatures, company stamp, and witness details