Document background
The Authorization Letter Bank Transaction is a crucial document in Danish banking operations that enables account holders to delegate banking transaction authority to trusted representatives. This document is commonly used when account holders need to authorize others to conduct banking transactions on their behalf, whether due to business necessities, personal circumstances, or temporary unavailability. Under Danish law, particularly the Financial Business Act and Power of Attorney Act, the authorization letter must clearly specify the scope of authority, transaction limits, validity period, and authentication requirements. The document serves as a legal safeguard for all parties involved - the account holder, the authorized representative, and the bank - while ensuring compliance with Danish financial regulations, anti-money laundering laws, and data protection requirements.
