6.1Person who is not an ordering institution

6.1 Person who is not an ordering institution

For the purposes of paragraph 63A(4)(b) of the AML/CTF Act, a person is not an ordering institution if all of the following apply:

(a) the person accepts an instruction for the transfer of value that is given by use of a gift card;
(b) the gift card was issued by the person in the course of carrying on a business that does not otherwise involve the provision of designated services;
(c) issuing the gift card was not a designated service;
(d) the monetary value stored in connection with the gift card cannot be increased (other than because of a reversal of a payment made using the card or the correction of an error);
(e) no part of the monetary value stored in connection with the gift card may be withdrawn in cash;
(f) if the gift card was issued on or after 31 March 2029—the transfer of value is a domestic transfer of value;
(g) if the gift card was issued on or after 30 September 2027—the person has taken reasonable steps to mitigate and manage the risk that the gift card will be used as an instrument of money laundering, financing of terrorism or other crimes.

Note: For rules determining whether a person is an ordering institution, see section 8‑1 of the Anti‑Money Laundering and Counter‑Terrorism Financing Rules 2025.