Regarding Marble Slab Creamery franchises, what constitutes a prohibited money laundering activity for the franchisee and its owners?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
Any party may change his or its address by giving 10 days prior written notice of such change to all other parties.
20. BUSINESS PRACTICES
20.1 Neither Franchisee nor any of its Owners conducts any activity, or has failed to conduct any activity, if such action or inaction constitutes a money laundering crime, including any
money laundering crime prohibited under the International Money Laundering Abatement and Anti-Terrorist Financing Act, as amended, and any amendments or successors thereto.
- 20.2 Neither Franchisee, any of its Owners nor any employee of either of them is named as a "Specially Designated Nationals" or "Blocked Persons" as designated by the U.S. Department of the Treasury's Office of Foreign Assets Control. Currently, this list is published under the internet website address "www.treas.gov/offices/enforcement/ofac/sdn/". Franchisee is neither directly nor indirectly owned or controlled by the government of any country that is subject to a United States embargo. Nor does Franchisee or its Owners act directly or indirectly on behalf of the government of any country that is subject to a United States embargo. Franchisee agrees that Franchisee will notify Franchisor in writing immediately of the occurrence of any event, which renders the foregoing representations and warranties of this paragraph incorrect.
- 20.3 Franchisee represents that it understands and has been advised by legal counsel on the requirements of the Applicable Laws referred to above, including the United States Foreign Corrupt Practices Act (currently located at www.usdoj.gov/criminal/fraud/fcpa.html), as amended, any local foreign corrupt practices laws, and the USA Patriot Act of 2001, as amended, and hereby acknowledges the importance to Franchisor and the parties' relationship of Franchisee's compliance with any applicable auditing requirements and any requirement to report or provide access to information to Franchisor or any government, that is made part of any Applicable Law. Franchisee must take all reasonable steps to require its consultants, agents and employees to comply with such laws prior to engaging or employing any such persons.
Source: Item 22 — CONTRACTS (FDD page 101)
What This Means (2025 FDD)
According to Marble Slab Creamery's 2025 Franchise Disclosure Document, franchisees and their owners must not engage in any activity that constitutes a money laundering crime. This includes any money laundering crime prohibited under the International Money Laundering Abatement and Anti-Terrorist Financing Act, as amended, and any amendments or successors to it.
Additionally, neither the franchisee, its owners, nor their employees can be named as "Specially Designated Nationals" or "Blocked Persons" by the U.S. Department of the Treasury's Office of Foreign Assets Control. The list of these individuals and entities is published on the internet. The franchisee also cannot be directly or indirectly owned or controlled by the government of any country subject to a United States embargo, nor can they act directly or indirectly on behalf of such a government.
The franchisee must notify Marble Slab Creamery in writing immediately if any event occurs that would make these representations incorrect. Franchisees must understand and have been advised by legal counsel on the requirements of applicable laws, including the United States Foreign Corrupt Practices Act, any local foreign corrupt practices laws, and the USA Patriot Act of 2001. Franchisees must also take reasonable steps to ensure their consultants, agents, and employees comply with these laws.