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GULF REGION CLOSE TIME AND QUOTA VARIATION ORDER, 2012039 The Regional Director General, Gulf Region, Department of Fisheries and Oceans, pursuant to paragraph 43’m) of the Fisheries Act and subsection
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Gulf region refers to the countries surrounding the Persian Gulf, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Entities and individuals conducting business activities in the Gulf region may be required to file Gulf region reports.
To fill out Gulf region reports, one must provide accurate information about their business activities, financial transactions, and other relevant data.
The purpose of Gulf region reporting is to promote transparency, combat money laundering, and prevent the financing of terrorism.
Information such as business activities, financial transactions, beneficiaries, and sources of funds must be reported on Gulf region reports.
The deadline to file Gulf region reports in 2024 is typically on or before March 31st of the following year.
The penalty for late filing of Gulf region reports may include fines, sanctions, or other legal consequences as determined by the relevant regulatory authorities.
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