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Who is an authorised signer?
Who is an authorised signer?
Published: 20/07/2023
Answer:
An authorised signer is the person that has authorisation to sign legal documents related to the account on behalf of the client. This person will be classified as a bank mandated signer on the bank's records. The auditor must ensure the correct authorised signer details are on Confirmation for approval to be received prior to initiating a request.
If approval is received from an incorrect signer, the bank will deny the request.
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