Have been searching the internet and have not been able to find the answer to a question. Does anyone here know the answer ? What are the penalties if a licensed ffl holder is caught knowingly selling or transferring a firearm through his or her place of business without doing any paperwork ? I used to hold a ffl years ago, and have friends with stores that currently do hold ffls but nobody seems to know the answer. The presumption has always been extremely serious prosecution but to what degree ?