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T hefirsteditionofthisbookwasreleasedin2008andsincethenabigvolumeofcaselawhas developedaroundthesubjectwhichhasbeenincludedandanalyzedinthesecondedition. Preparationforthiseditionhasbeeninspiredbythegreatresponsetothefirstedition.
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MEF BB stands for Multi-Purpose Electronic Form – Bank and Beneficiary.
Financial institutions and individuals making financial transactions are required to file MEF BB.
MEF BB can be filled out electronically on the designated platform provided by the relevant financial authorities.
The purpose of MEF BB is to report financial transactions and provide information on bank and beneficiary details.
Information such as transaction amount, bank account details, beneficiary details, and purpose of transaction must be reported on MEF BB.
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