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Ordering institution

The financial institution that accepts an instruction from a customer to transfer money electronically to a beneficiary institution so that it reaches the intended recipient.

See

AML/CTF Act 2006 subsections 8(1), 8(2), 9(1), and 9(2)

Occasional transaction

An occasional transaction means the provision of a designated service by a reporting entity to a customer other than as part of an ongoing business relationship.

This means that the relationship doesn’t have, or could reasonably not be expected to have, an element of duration.