What anti-money laundering policies and procedures must an Hck Hot Chicken Area Developer implement?
Hck_Hot_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Area Developer shall implement and comply with anti-money laundering policies and procedures that incorporate "know-yourcustomer" verification programs and such other provisions as may be required by applicable law.
- 13.3.2 Area Developer shall implement procedures to confirm, and shall confirm, that (a) none of Area Developer, any person or entity that is at any time a legal or beneficial owner of any interest in Area Developer or that provides funding to Area Developer is identified by name or address on any Terrorist List or is an Affiliate of any person so identified; and (b) none of the property or interests of Area Developer is subject to being "blocked" under any Anti-Terrorism Laws.
Source: Item 23 — RECEIPTS (FDD pages 55–245)
What This Means (2025 FDD)
According to Hck Hot Chicken's 2025 Franchise Disclosure Document, Area Developers must implement and comply with anti-money laundering policies and procedures. These policies must include "know-your-customer" verification programs and any other provisions required by applicable law.
Furthermore, Area Developers must confirm that neither they, any person or entity owning an interest in them, nor any funding source is identified on any Terrorist List or is an affiliate of anyone so identified. They must also confirm that none of their property or interests is subject to being "blocked" under any Anti-Terrorism Laws.
In practical terms, this means a prospective Hck Hot Chicken Area Developer will need to establish a comprehensive program to verify the identity of their customers and ensure compliance with all relevant anti-money laundering and anti-terrorism laws. This includes screening against government watch lists and ensuring that funds are not derived from or used for illegal activities. Failure to comply with these regulations could result in significant legal and financial penalties.