Illinois Money Transmitter License – Guide
Illinois Money Transmitter License - Basic Information The Illinois money transmitter license is essential for any business or entity that wants to offer its services in the state. Operating without a license is a crime and liable to huge fines and even imprisonment for offending parties. Who Handles the Licensing for Illinois? The Nationwide Multistate Licensing System & Registry (NMLS) handles all new license applications for money transmitter services in IL. The NMLS Resource Center provides a wealth of information for new businesses who want to know the details. ...