ATF reporting

[winnre]

A local gun shop just told me that if I buy handguns via face to face private party transfer, and I buy enough of them in a short time, they need to report it to the ATF. News to me.

Any other thing to know to stay low and off the radar?

[vega]

What I was told was if I PPT more than 3 handguns in the same day from the same FFL, they would have to report me to ATF. I was advised to do it one at a time.

[rp55]

That is true. Wait at least 5 working days between handgun purchases.

If you like to stay below the radar keep your cash withdrawals from banks below $2500 with 2 days between them. Yes, the reporting limit is $10,000 but if you have someone who trusts you who works in a bank they will tell you that, in practice, reporting actually begins well below $10K.

[ke6guj]

yes, if you buy more than one handgun from a specific dealer in 5 day period, that dealer is required to report that to ATF and local/state LE. http://www.atf.gov/forms/download/atf-f-3310-4.pdf

Unless you are flipping those handguns, dealing without a license, it isn't a big deal.

[ih8ca]

The ATF rarely does anything. I have bought 5 to 10 handguns several occasions in Washington. They contacted my ffl when I bought a collection of 30 guns and my ffl told them I was ok and not reselling them.

[97F1504RAD]

That is true. Wait at least 5 working days between handgun purchases.

If you like to stay below the radar keep your cash withdrawals from banks below $2500 with 2 days between them. Yes, the reporting limit is $10,000 but if you have someone who trusts you who works in a bank they will tell you that, in practice, reporting actually begins well below $10K.

Wow, wait a minute here and explain this. Your telling me that if and when i withdraw 2500.00 or more of my money form my bank account that the bank is reporting this to some Government Agency?

Who and why are they reporting this to?

[B Strong]

yes, if you buy more than one handgun from a specific dealer in 5 day period, that dealer is required to report that to ATF and local/state LE. http://www.atf.gov/forms/download/atf-f-3310-4.pdf

Unless you are flipping those handguns, dealing without a license, it isn't a big deal.

Correct.

I once went on a real tear with a certain dealer, who for whatever reason all of a sudden had a bunch of consignment guns I had to have.

After over a dozen handguns in a month, I never heard a word or had a problem with the DOJ.

I think I still have all of 'em, and that was years back.

[B Strong]

Wow, wait a minute here and explain this. Your telling me that if and when i withdraw 2500.00 or more of my money form my bank account that the bank is reporting this to some Government Agency?

Who and why are they reporting this to?

It's called "Know Your Customer" and it's the real deal.

http://en.wikipedia.org/wiki/Know_your_customer

[anthonyca]

Wow, wait a minute here and explain this. Your telling me that if and when i withdraw 2500.00 or more of my money form my bank account that the bank is reporting this to some Government Agency?

Who and why are they reporting this to?

I had some teller ask me why I wanted so much of my own money. F her, and F big brother.

[B Strong]

I had some teller ask me why I wanted so much of my own money. F her, and F big brother.

They will give you the third degree no matter what you tell them, and if you ruffle the wrong feathers I have no doubt that they can pass along that info to people who won't wish you well.

[Bobshouse]

Thank God we live in the land of the free and the brave.

[Octane]

I had some teller ask me why I wanted so much of my own money. F her, and F big brother.

"KYC" is similar to the ATF reporting = Oftentimes it's no big deal.

If a customer replied to a teller asking the PATRIOT ACT required question like ^THIS^, the situation becomes much more suspect, and a much bigger deal. All of a sudden, the bank customer is going to have a very bad experience.

How do I know??? I've been a bank manager for 6+ years.

Treat your bank employees like you would want to be treated. They don't care how you're going to spend the money. They're just trying to do their jobs under increased government pressure and requrements.

-B

[bandook]

Wow, wait a minute here and explain this. Your telling me that if and when i withdraw 2500.00 or more of my money form my bank account that the bank is reporting this to some Government Agency?

Who and why are they reporting this to?

It is reported to the IRS. I think this is to keep track of tax evasion/money laundering activity.

[97F1504RAD]

It's called "Know Your Customer" and it's the real deal.


http://en.wikipedia.org/wiki/Know_your_customer

What a complete load of crap that is. I knew the Patriot Act was bad but that is ridiculous

I had some teller ask me why I wanted so much of my own money. F her, and F big brother.

I am with you I would promptly tell them it is none of their business what or why I am withdrawing my money. After all it is my money.

"KYC" is similar to the ATF reporting = Oftentimes it's no big deal.

If a customer replied to a teller asking the PATRIOT ACT required question like ^THIS^, the situation becomes much more suspect, and a much bigger deal. All of a sudden, the bank customer is going to have a very bad experience.

How do I know??? I've been a bank manager for 6+ years.

Treat your bank employees like you would want to be treated. They don't care how you're going to spend the money. They're just trying to do their jobs under increased government pressure and requrements.

-B

And they should refuse to do this. It is none of the governments business or the banks what I do with my money.

[B Strong]

What a complete load of crap that is. I knew the Patriot Act was bad but that is ridiculous




I am with you I would promptly tell them it is none of their business what or why I am withdrawing my money. After all it is my money.





And they should refuse to do this. It is none of the governments business or the banks what I do with my money.

That's kind of like stating that a G-series FAL is only worth the original purchase price - nice sentiment, completely false.

Banks are beholden to the fed.gov.org for their very existence. The Fed issues orders, the banks follow.

If a bank employee on their own decided not to do as instructed, they'd be out of a job immediately.

As Octane stated, you as the customer have to play the game. I've been through it, and there is no legal obligation to tell the bank employee the whole truth.