Which action freezes assets of blocked individuals or entities?

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Multiple Choice

Which action freezes assets of blocked individuals or entities?

Asset freezing under sanctions happens through blocking assets. When a person or entity is designated, all property and interests in property under the institution’s jurisdiction are blocked, meaning they cannot be paid, transferred, or otherwise accessed. Blocking accounts is the concrete action that implements this freezing—separating and restricting access to the designated party’s funds and property. Prohibited transactions describe the kinds of dealings you must avoid with a blocked person or entity, but they are about what you can’t do rather than the freezing action itself. The SDN List is the roster of individuals and entities that are designated, which signals who’s assets are blocked, but listing alone doesn’t freeze assets. Property definition isn’t the action used; it’s just a term related to what qualifies as blocked property.

Asset freezing under sanctions happens through blocking assets. When a person or entity is designated, all property and interests in property under the institution’s jurisdiction are blocked, meaning they cannot be paid, transferred, or otherwise accessed. Blocking accounts is the concrete action that implements this freezing—separating and restricting access to the designated party’s funds and property.

Prohibited transactions describe the kinds of dealings you must avoid with a blocked person or entity, but they are about what you can’t do rather than the freezing action itself. The SDN List is the roster of individuals and entities that are designated, which signals who’s assets are blocked, but listing alone doesn’t freeze assets. Property definition isn’t the action used; it’s just a term related to what qualifies as blocked property.

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