That seized sanction money...who's got it? Where does it go?
I’d guess assets are held for due process, until formally awarded to the USG, then turned over to Treasury and absorbed. Non-liquid assets are auctioned then processed. Just guessing (as an ex fed).
Thanks Jef, but what does "absorbed" mean?
I’d guess assets are held for due process, until formally awarded to the USG, then turned over to Treasury and absorbed. Non-liquid assets are auctioned then processed. Just guessing (as an ex fed).
Thanks Jef, but what does "absorbed" mean?