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The Authorization Letter To Receive Money is a crucial document in Malaysian business and personal financial transactions where one party needs to delegate the authority to collect funds to another person. This document is commonly used when the original recipient cannot personally collect money, payments, or financial instruments due to various circumstances such as being overseas, physical inability, or business efficiency. The letter must comply with Malaysian legal requirements, including the Contracts Act 1950 and relevant financial regulations. It typically contains essential details such as the parties' information, transaction specifics, authorization scope, and validity period. This document is particularly important in Malaysia's banking sector, where financial institutions require formal authorization for third-party transactions to prevent fraud and ensure regulatory compliance.

1. Date and Place: Current date and location where the letter is being executed

2. Recipient Details: Name and address of the institution/person holding the money

3. Subject Line: Clear indication that this is an Authorization Letter to Receive Money

4. Authorizer Information: Full name, identification details, and contact information of the person giving authorization

5. Authorized Person Information: Full name, identification details, and contact information of the person being authorized to receive the money

6. Authorization Statement: Clear statement of authorization including the specific amount and purpose

7. Transaction Details: Specific details about the money to be received including amount, source, and any reference numbers

8. Duration of Authorization: Validity period of the authorization

9. Signature Block: Space for authorizer's signature, name, and date

10. Witness Section: Space for witness signatures and details as required by Malaysian law