What happens to seized assets (Money/property/etc) when governments sanction another country.

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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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Anonymous 0 Comments

Majority of wealth of any billionaire will be stored in offshore havens under shell companies hard to trace. They may keep tangible asset which wont effect them alot, except that they wont be able to invest in that country any more. Loss for the country really

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