Electronic transfers are an essential part of many businesses, and FastBound compliance software can help streamline the process. Not only does FastBound have the ability to securely move data between two locations, but it also simplifies the process of verifying compliance with various regulations and laws.
Automated Compliance Checks
Automated compliance checks ensure that transactions remain compliant and secure. Reducing the amount of manual labor allocated to electronic transfers, in turn, increases your ability to focus on sales. Additionally, FastBound offers the ability to easily track and monitor the progress of each transaction. Tracking and monitoring provides you with both visibility and control to the sender and receiver. With FastBound, electronic transfers are fast, secure, and compliant, making it the perfect solution for any business.
Electronic Transfers couldn’t be easier. When one of our thousands of FFLs dispose firearms to another FastBound user, you’ll receive that as an acquisition. This acquisition is ready for you to review and log in to your A&D with a couple of clicks.
We make the process of transferring to FFLs (including those that are not FastBound users) fast and straightforward. FastBound allows you to barcode packing lists and store your FFL electronically.
You’ll stay compliant by sending accurate information. Most of all, you’ll stop wasting time searching for the paperwork that you need!
ATF Electronic Transfer Regulations
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has established regulations regarding the electronic transfer of firearms. These regulations are meant to ensure that all transfers of firearms are in accordance with applicable federal and state laws. All firearm transfers must be conducted by a Federal Firearms Licensee (FFL).
The FFL must conduct a background check on the transferee, which includes a review of the National Instant Criminal Background Check System (NICS). Additionally, the FFL must maintain accurate records of all firearms transfers, including sales and transfers. For electronic transfers of firearms, the FFL must obtain a valid photo identification from the transferee. The FFL must ensure that the transferee is not prohibited from possessing a firearm. The FFL must also use an ATF–approved secure transaction system for conducting the transfer.
Upon completion of the transfer, the FFL must provide the transferee with a copy of the ATF Form 4473, which serves as proof that the transfer has been completed in accordance with federal and state laws. The ATF also requires that the FFL must contact the local law enforcement agency prior to transferring any firearms. This helps to ensure that the transfer is in compliance with all applicable laws.