Hypothetically, if one were to seize the assets of, say a billionaire, what would that look like? Obviously, most of these forms are non-liquid. I’m looking for a purely financial perspective. Thanks.
Hypothetically, if one were to seize the assets of, say a billionaire, what would that look like? Obviously, most of these forms are non-liquid. I’m looking for a purely financial perspective. Thanks.
I work in tech, but for a financial company so what I’ve gathered is from required compliance training.
Large financial institutions are obligated to block and report attempted transactions on blocked accounts. That would likely include blocks on trading accounts I imagine.
As far as actually seizing it, I don’t have solid info but in a mostly digital finance world it probably just involves transferring access and ownership controls to a government entity (by the institutions).
Hope that helps