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THE COMMUNICATION PROCESSCommunication: Definitions Communication is a transaction whereby participants together create meaning through the exchange of symbols, (Fielding, 2004). This definition stresses
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A transaction is a recorded activity in which there is an exchange of goods, services or financial assets.
Businesses, financial institutions, and individuals who meet certain reporting thresholds are required to file a transaction.
To fill out a transaction, you need to provide detailed information about the parties involved, the nature of the transaction, and the value of the transaction.
The purpose of filing a transaction is to monitor and regulate certain financial activities to prevent illegal activities like money laundering and terrorist financing.
The information that must be reported on a transaction includes the names of the parties involved, the amount of money or value exchanged, and the reason for the transaction.
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