On April 30, the Illinois Department of Financial and Professional Regulation issued guidance to persons or entities licensed pursuant to the Transmitter of Money Act regarding the submission of financial documents. TOMA licensees who are required to submit financial documents for renewal for the calendar year 2020 are granted an extension of 180 days after the licensee’s fiscal year for the submission of financial statements. All other requests for an extension of time will be considered on a case-by-case basis.
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