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of <h1>Entities Must Keep Records of Large Transactions Under Money-Laundering Rules 2005, Including Cash and Property Deals</h1> Every reporting entity is required to maintain records of various transactions under the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005. These include cash transactions exceeding ten lakh rupees or equivalent in foreign currency, series of related transactions aggregating to more than ten lakh rupees within a month, transactions involving non-profit organizations receiving over ten lakh rupees, and suspicious transactions regardless of the amount. Additionally, records must be kept for cross-border wire transfers over five lakh rupees, and purchases or sales of immovable property valued at fifty lakh rupees or more.
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