AML/CFTR 4.2.5 What is a one-off transaction?

A one-off transaction, in relation to a firm, is a transaction carried out by the firm for a customer otherwise than in the course of a business relationship with the customer.


1 a one-off foreign currency transaction
2 an isolated instruction to purchase shares
3 a one-off wire transfer
Derived by QFCRA RM/2019-8 (as from 1st February 2020)