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of <h1>Principal Officers Must Submit Monthly and Quarterly Transaction Reports; Delays Are Separate Violations Under Money-Laundering Rules.</h1> The Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, mandate that the Principal Officer of a reporting entity must submit monthly transaction information to the Director by the 15th of the following month. Suspicious transactions must be reported promptly via fax or email. Quarterly reports on specific transactions are due by the 15th of the month following each quarter. Delays in reporting or rectifying errors are considered separate violations. Confidentiality of maintained records is required, although sharing of unusual transaction analyses is allowed. Specific reporting deadlines were adjusted for early 2020 transactions.
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