What anti-terrorist laws and regulations must the Southern Steer franchisee comply with?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisee will comply and/or assist the Franchisor in its compliance efforts, as applicable, with any and all laws, regulations, Executive Orders or otherwise relating to anti-terrorist activities including, without limitation, the U.S.
Patriot Act, Executive Order 13224, and related U.S.
Treasury and/or other regulations.
In connection with such compliance efforts, the Franchisee will not enter into any prohibited transactions and will properly perform any currency reporting and other activities relating to the Southern Steer Business as may be required by the Franchisor or by law.
The Franchisee confirms that it is not listed in the Annex to Executive Order 13224 (http://www.treasury.gov/offices/enforcement/ofac/sanctions/terrorism.html) and agrees not to hire any person so listed or have any dealing with a person so listed.
Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, franchisees must comply with all laws and regulations relating to anti-terrorist activities. This includes, but is not limited to, the U.S. Patriot Act and Executive Order 13224, as well as related U.S. Treasury regulations.
Southern Steer franchisees must not engage in any prohibited transactions and must properly perform any currency reporting and other activities related to the Southern Steer business as required by the franchisor or by law. Franchisees confirm they are not listed in the Annex to Executive Order 13224 and agree not to hire or deal with any person so listed.
This requirement ensures that all Southern Steer businesses operate in accordance with national security interests and regulations. It places a responsibility on the franchisee to stay informed about and adhere to these laws, which may change over time. The reference to the U.S. Treasury website provides a resource for franchisees to verify compliance and avoid prohibited associations.