Federal Firearms Licensees Requirements
The ATF released its 2016 FFL Thefts/Lost Report last month. A total of 18,394 firearms were reported lost or stolen from Federal Firearms Licensees (FFLs) nationwide. Of this total, 9,281 firearms were reported stolen. This is a 50% increase over 2015! Clearly facility security is of utmost importance. Part of the ATF’s mission is to protect the public from violent crime involving the use of firearms, including these firearms stolen from FFLs.
There were nearly as many lost firearms as there are stolen firearms in 2016. These are firearms which have been put into inventory by an FFL who later cannot account for the disposition of the firearm. In this case, better inventory tracking and electronic bound book software can make a difference. Knowing where your firearms inventory is at all times will make you better prepared for ATF audits. In fact, you can integrate your inventory software with electronic bound book software for a streamlined and accurate process. Easy Bound BookTM can be integrated with Microsoft Dynamics NAV for a complete inventory and A&D bound book package.
Any time a firearm is lost or stolen, the FFL needs to take action. You must report the theft or loss within 48 hours of discovery to the ATF by phone or by submitting Form 3310.11. If you call, you must follow up with the ATF form as well. The ATF will issue an incident number for you to use in your A&D book. The entry should include whether the incident is a theft or a loss, the ATF Issued Incident Number, and the Incident Number provided by local law enforcement. If any of these firearms are located they should be re-entered in the A&D book as an acquisition entry.