Study for the Certified Bank Secrecy Act Professional Test. Use flashcards and multiple-choice questions with hints and explanations. Get exam ready!

Multiple Choice

Which term describes assets subject to freezing under sanctions?

Blockable assets are the assets that can be frozen under sanctions. When an entity or individual is designated, the assets they control or own within the relevant jurisdiction become blocked, meaning access, transfer, or use is prohibited. Institutions screen for these blockable assets to ensure they don’t engage with funds or property tied to sanction targets. The other options don’t fit: Asset interest refers to ownership rights rather than the asset itself being frozen; geographic location describes where an asset is, not its susceptibility to blocking; a blocked individual denotes the person, not the asset that is subject to the freeze.

Blockable assets are the assets that can be frozen under sanctions. When an entity or individual is designated, the assets they control or own within the relevant jurisdiction become blocked, meaning access, transfer, or use is prohibited. Institutions screen for these blockable assets to ensure they don’t engage with funds or property tied to sanction targets.

The other options don’t fit: Asset interest refers to ownership rights rather than the asset itself being frozen; geographic location describes where an asset is, not its susceptibility to blocking; a blocked individual denotes the person, not the asset that is subject to the freeze.