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Mandate By Individual To Enable Third Party To Operate Account Note: Please complete in BLOCK letters and sign in the appropriate space. The Branch Manager Bank NizwaDDBranch: ___Date:MAYDAY Dear

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A bank is a financial institution that accepts deposits from the public, provides loans, and offers other financial services such as savings accounts, checking accounts, and investment products.

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The purpose of 'what is a bank' is to ensure transparency in banking operations, assist in regulatory compliance, and prevent financial crimes such as money laundering and fraud.

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Information that must be reported typically includes account numbers, transaction amounts, names of parties involved, dates of transactions, and the nature of the financial activity.

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