The Guild of Thieves is not only the primary crime organization in Ankh-Morpork, it is the only one dealing with anything to do with the Liberation (cough) of items of value to other parties. They also are the most effective crime fighting force in the city, preventing any unlicensed crime brutally and quietly.
As a newbie, you'll automatically be put on leave, so any theft you make until you come off leave is seen as unlicensed and you are heavied (they send a big beefy man/woman to beat you up, take your money, and leave you lying under a bridge). Tell Kordane when you're ready to come back from leave. It's a good idea to get a good basis in your primaries before starting out on your licensed thievery.
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