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Key and supplementary comparisons (and pilot studies) registration and progress form Comparison conducted by 1. Subfield: Torque COMET Date: 23/09/2014 COMET 512/RU-a/10 (to be attributed by the BIPM)
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Coomet stands for 'Country of Origin of Money and Economic Transactions'. It is a report that discloses information about the origin and flow of money in economic transactions.
Individuals or entities engaged in certain financial activities are required to file coomet. This includes banks, financial institutions, and certain businesses.
Coomet can be filled out electronically on the designated government website. It requires information about the parties involved in the transaction, the amount of money exchanged, and the purpose of the transaction.
The purpose of coomet is to prevent money laundering, terrorism financing, and other illicit activities by providing transparency in financial transactions.
Information such as the name and contact details of the parties involved, the amount and currency of the transaction, the nature of the transaction, and any other relevant details must be reported on coomet.
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