Does Itan require you to represent that you will comply with anti-terrorism laws?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- **23.3.
Anti-Terrorism Compliance.** You and the Owners jointly and severally represent and warrant to us that, to the best of your and their knowledge: (a) no property or interest owned by you or any Owner is subject to being "blocked" under any Anti-Terrorism Law; (b) neither you nor any Owner, nor any of their respective funding sources (including any legal or beneficial owner of an Equity Interest in the Business or Franchisee Entity) or related parties is, or has ever been: (i) a terrorist or suspected terrorist within the meaning of the Anti-Terrorism Law; or (ii) identified by name, alias, pseudonym, nickname or address on any Terrorist List, including the list of "Specially Designated Nationals" or "Blocked Persons" maintained by the U.S.
Treasury Department's Office of Foreign Assets Control (texts currently available at www.home.treasury.gov); and (c) you and the Owners are in compliance with, and shall continue to comply with, the Anti-Terrorism Law and all other U.S.
Laws currently in effect, or enacted in the future, that prohibit corrupt business practices, money laundering or the aid or support of Persons who conspire to commit acts of terror against any Person or government.
The foregoing representations and warranties are 'continuing' representations and warranties for the duration of the franchise relationship.
Accordingly, you must immediately notify us of the occurrence of an event or development of a circumstance that might render any of the foregoing representations and warranties false, inaccurate or misleading.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, franchisees and their owners must jointly and severally represent and warrant that they are in compliance with anti-terrorism laws. This includes confirming that no property or interest owned by them is subject to being "blocked" under any Anti-Terrorism Law.
Furthermore, franchisees and owners must represent that neither they, nor their funding sources or related parties, are terrorists or suspected terrorists, nor are they identified on any Terrorist List, including the list of "Specially Designated Nationals" or "Blocked Persons" maintained by the U.S. Treasury Department's Office of Foreign Assets Control. The FDD provides a website for reference: www.home.treasury.gov.
Itan franchisees must also represent that they will continue to comply with the Anti-Terrorism Law and all other U.S. Laws that prohibit corrupt business practices, money laundering, or the support of those who conspire to commit acts of terror. These representations and warranties are 'continuing' for the duration of the franchise relationship. Franchisees must immediately notify Itan of any event or circumstance that might render these representations false, inaccurate, or misleading.