6.4.2 Starting Action

Use this section to add Direction of starting action (in or out), Amount and type of funds, assets or virtual currency (in or out), Currency or virtual currency type, Information about the source of funds, assets or virtual currency, Virtual currency address reference and/or account information, Information about how the funds or virtual currency were obtained, Conductor (person or entity that conducted or attempted the transaction and their associated information), Third party (person or entity on whose behalf the transaction is conducted or attempted and their associated information).

To add a new starting action, follow these steps:

1. On the Reports Details page, click the Starting Action tab. The Starting Action page is displayed.
2. Select a transaction reference number from the Transaction section. The Starting Actions section is displayed.
3. Click Add. The Add Starting Action section is displayed.

   Figure 6-2 Starting Action

   
4. Enter the following information in the starting action fields as tabulated.
   Starting Action describes fields to add a starting action. Fields marked with an asterisk * are mandatory.

   Table 6-3 Starting Actions

   Fields	Description
   Direction of startingaction	Select thedirection of the starting as In or Out. Thedirection of the starting action is Inwhen a client physically brings in or electronically transfers in funds, assets or virtual currency to your business to start a transaction. The direction of the starting action is Out when your client requests to start a transaction with client funds, assets or virtual currency already held by or deposited at your business. Forexample, Thedirection of the starting action is in, if a client brings cash to your business to purchase a bank draft. The direction of the funds is out for the starting action, if a client doesnot bring in any funds but requests to purchase a bank draft with the client's funds already held by or deposited at your business.
   Typeof funds, assets or virtual currency	If the direction of the starting action is In, select one of the following based on what the client brought or transferred in to start the transaction: Bankdraft, Cash, Casino product, Cheque, Domestic funds transfer Email money transfer (EMT), International funds transfer Investment product, Jewellery, Mobile money transfer, Money order, Precious metals, Precious stones, Virtual currency, and Other. If the direction of the starting action is Out, select one of the following based on what the client used to start the transaction: Casino product, Funds withdrawal, Investment product, Virtual currency, and other.
   Amount	Enterthe total amount of funds, assets, or virtual currency involved in the starting action. Ifthis amount was not in Canadian dollars (CAD), do not convert it to CAD but provide the currency or virtual currency type in the next field.
   Currency	Selectthe currency type from the drop-down list. If the currency or virtual currency type is not in the lists provided, youmust select "Other" and provide the full name of the currency.
   Exchangerate	Enterthe exchange rate that you used for the transaction. Thiscan be an exchange rate for fiat currency or virtual currency.
   Reference number	Thereference number is auto populated when you save this section.
   Othernumber related to reference number	Enterany other number related to the reference number as applicable.
   Branchnumber	Searchand select the branch number.
   Financialinstitution number	Enterthe financial institution number of the account from which the transaction was initiated.
   Accountnumber	Ifthe transaction involves an account, then enter the account number.
   Accounttype	Selectthe account type from the drop-down list. Ifthe account type is not in the list provided, you must select "Other" and provide the account type.
   Accountcurrency	Enterthe account currency type code. Ifthe account currency type code cannot be found, you must select "Other" and provide the currency type.
   Dateaccount opened	Providethe date the account was opened.
   Dateaccount closed	Providethe date the account was closed.
   Statusof account at time of transaction	Providethe status of the account at the time of the transaction (For example, active, inactive, dormant, closed).
   Howwere the funds, virtual currency obtained?	This is how the conductor initially acquired the funds or virtual currencyused for the transaction, not where the funds or virtual currency may have been transferred from. Forexample, you can obtain funds or virtual currency from activities such as: l Employment l Saleof a large asset, and l Gifts Thisinformation must be reported if obtained.

5. Click Save. A new starting action is updated and tabs such as Account Holder, Source of Funds, Conductor, and On Behalf of are displayed.