Basic Principles for Freezing Assets

Freezing assets involves legally preventing individuals or entities from accessing or using their financial resources, usually to prevent illegal activities like money laundering or terrorism. Authorities, such as governments or financial institutions, follow specific procedures, often based on laws or court orders, to identify and restrict these assets. This process ensures that the assets remain in place while investigations or legal cases are ongoing. Freezing is a targeted action that doesn't permanently seize property but temporarily halts its availability to ensure justice and security are maintained.