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An Authorization Letter For Transfer Money To Another Account is a crucial document in Singapore's banking system, required when an account holder needs to authorize their bank to transfer funds to another account. This document is commonly used for both one-time and recurring transfers, domestic and international transactions, and must comply with Singapore's strict banking regulations and AML/CFT requirements. The letter includes essential details such as account information, transfer amount, purpose, and authorization specifics, serving as a formal record of the account holder's consent and instructions.
