We keep hearing in the news how a certain countries assets are being seized around the world. People are having their yachts seized and foreign nationals are having properties also seized… but what exactly happens to the money in those bank accounts… to the property being seized by other governments and the yachts seized… do they owners get them back after the conflict is over? or does the government consider it now their property? Does the property just get listed for sale? What happens exactly to money in bank accounts seized…
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To answer your actual question.
When money is frozen, they basically lock your bank account. The money stays where it is but you can no longer access it or do anything with it. It basically turns into a savings account.
For actual things like property or yachts, they literally take it. The yacht might get docked somewhere and taped off. The properties are entered and basically the locks are changed. Any occupants get kicked out.
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