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The maximum penalty for failing to declare donations is £20,000 or a year in jail.
Wellington has also requested the Labor party look at making parties declare donations in real time.
Candidates are supposed to declare donations within four weeks of receiving them.
Candidates have to declare donations to the Electoral Commission and the register of members' interests.
Parties and donors only need to declare donations over $13,000.
The Guardian publishes article accusing Portillo of failing to declare donations to the party in return for speaking engagements while he was a member of John Major's government.
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It said Labour Leave had omitted to declare donations-in-kind from John Mills Limited, a company set up by the organisation's chairman, and by fellow Brexit group Better For the Country.
Hain declared donations worth £77,000 on time.
But the declared donations were only the tip of Washington's financial iceberg.
However, the party has declared donations worth £826,100 from Russian-linked supporters since July 2016.
Both campaigns provided the Guardian with every donation received in recent weeks, updating their previously declared donations.
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