asset freeze
Funds held hostage
An asset freeze is a legal measure that prevents someone from accessing, moving, or disposing of their money and property.
Governments impose asset freezes as sanctions against individuals, companies, or foreign officials: The Treasury Department announced an asset freeze on oligarchs connected to the regime.
Banks holding frozen assets cannot release funds without authorization.
- bank accountsFinancial institution holdings
- Swiss bankDiscreet Alpine financial institution
- embargoOfficial prohibition on trade
- court orderBinding judicial directive
- OFACTreasury sanctions administrator
export controls · injunction · trade sanctions · cryptocurrency · compliance · securities · oligarch · luxury yacht · financial regulation · seizure · asset recovery · dirty money · financial crime · Russian oligarch · cash reserves · block · economic warfare · offshore accounts
- court orderscourt order, injunction, order, subpoena, summons
- economic controlstariff, quota, sanction, embargo, trade restriction
- interdictionsinterdiction, drug interdiction, seizure, seizures, drug seizure
- International CrisesCuban Missile Crisis, Iran hostage crisis, hostage crisis, Suez Crisis, Bay of Pigs
- legal enforcementarrest, arrest warrant, bench warrant, court order, garnishment
- US-Irannuclear deal, hostage crisis, Iran-Contra, diplomatic ties, Tehran