KYC (Know Your Customer) Policy

Last updated: September 3, 2025

1. Introduction and Purpose

American Sub N Grill LLC ("the Company") is committed to maintaining the highest standards of regulatory compliance and security. This Know Your Customer (KYC) Policy outlines our procedures for verifying the identity of our users to prevent fraud, money laundering, and other illicit activities, and to comply with applicable laws and regulations.

2. Why KYC is Required

KYC is a mandatory process for all users who wish to participate in the SNGLL token sale, staking, and other financial services offered on our platform. The primary reasons for requiring KYC are:

  • Legal and Regulatory Compliance: To adhere to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) laws in the jurisdictions where we operate.
  • Fraud Prevention: To protect our platform and our users from fraudulent activities, such as identity theft and financial scams.
  • Platform Security: To ensure that all participants in our ecosystem are legitimate, creating a safer and more trustworthy environment for everyone.

3. Information We Collect

During the KYC process, we will collect certain personal information and documents to verify your identity. This may include, but is not limited to:

  • Personal Identification: A government-issued identification document, such as a passport, national ID card, or driver's license. The document must be valid and contain a photograph.
  • Proof of Address: A recent utility bill, bank statement, or other official document that shows your full name and current residential address.
  • Facial Verification: A "selfie" or short video to match your likeness with the photograph on your ID document.

4. How We Use and Protect Your Information

The information you provide for KYC is used exclusively for identity verification and compliance purposes. We are committed to protecting your data through:

  • Secure Storage: All sensitive data is encrypted and stored in secure, access-controlled environments.
  • Third-Party Verification: We may use trusted third-party verification services to process KYC applications securely and efficiently. These partners are vetted and contractually obligated to maintain the confidentiality and security of your information.
  • Data Minimization: We only collect the information that is strictly necessary to comply with our legal and regulatory obligations.

For more detailed information on our data handling practices, please refer to our Privacy Policy.

5. The KYC Process

The verification process typically involves the following steps:

  1. Submission of required documents and information through our secure portal.
  2. Automated and/or manual review of the submitted documents.
  3. Facial recognition and liveness checks to prevent spoofing.
  4. Screening against global sanctions lists and politically exposed persons (PEP) lists.

We will notify you of the outcome of your KYC verification. The process is typically completed within a few hours but may take longer depending on the quality of the documents submitted and the volume of applications.

6. Consequences of Non-Compliance

Failure to complete or pass the KYC verification will result in restrictions on your account. You will not be able to participate in the SNGLL token sale or access certain financial features of the platform. Providing false or misleading information will result in immediate account termination and may be reported to the relevant authorities.

7. Policy Updates

This KYC Policy may be updated to reflect changes in regulations or our internal procedures. We encourage you to review it periodically.