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An Authorization Letter For Money Transfer is a crucial document used in Irish banking and financial transactions to formally authorize the transfer of funds between accounts. This document is essential when an account holder needs to provide written permission for a bank or financial institution to execute a money transfer, whether it's a one-time transaction or recurring payments. The letter must comply with Irish financial regulations, including the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 and the European Union (Payment Services) Regulations 2018. It's commonly used in various scenarios such as international transfers, business transactions, or when authorizing a third party to manage financial transactions on behalf of the account holder. The document typically includes detailed information about the parties involved, transfer specifications, and necessary security measures to ensure the transaction's legitimacy and compliance with Irish banking standards.

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

2. Bank Details: Complete name and address of the receiving bank/financial institution

3. Subject Line: Clear indication that this is an authorization for money transfer

4. Sender Information: Full name, address, account number, and contact details of the person authorizing the transfer

5. Recipient Information: Full name, account number, bank details, and contact information of the transfer recipient

6. Transfer Details: Specific amount to be transferred, currency, and purpose of transfer

7. Authorization Statement: Clear statement authorizing the bank to execute the transfer

8. Duration of Authorization: Validity period of the authorization

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