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Martin Luther King Jr. Freedom Center LEARNING RESOURCES CLASS 31 Parental/Guardian Consent and Application Form June 23 to July 3, 2014Merritt College, Oakland As parent or guardian of (name of student)
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The acronym DOM center stands for Declaration of Monetary Center and is a report filed by certain entities to declare all monetary transactions above a certain threshold.
Entities that engage in monetary transactions above a specified threshold are required to file a DOM center report with the appropriate regulatory body.
The DOM center report can usually be filled out electronically through an online portal provided by the regulatory body. Entities need to provide detailed information about the monetary transactions being reported.
The purpose of the DOM center report is to track and monitor monetary transactions above a certain threshold to prevent money laundering, tax evasion, and other illicit activities.
Entities must report detailed information about the monetary transactions, including the amount, source, and destination of funds, as well as the parties involved in the transaction.
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