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 refers to assets that can be frozen under sanctions?

Assets that sanctions can freeze are called blockable assets. In sanctions regimes, authorities freeze property and financial interests tied to designated persons or entities, and the term blockable captures those assets eligible to be blocked under the rules. This distinguishes property that can be frozen from other things like a person themselves or a location, which are not assets. The other options describe a person, a location, or an unclear term, so they don’t fit as accurately as blockable assets. For example, funds held in a bank account owned by a designated individual would be considered blockable assets.

Assets that sanctions can freeze are called blockable assets. In sanctions regimes, authorities freeze property and financial interests tied to designated persons or entities, and the term blockable captures those assets eligible to be blocked under the rules. This distinguishes property that can be frozen from other things like a person themselves or a location, which are not assets. The other options describe a person, a location, or an unclear term, so they don’t fit as accurately as blockable assets. For example, funds held in a bank account owned by a designated individual would be considered blockable assets.