An asset freeze is a legal action that prevents an individual or organization from accessing or transferring their financial assets. This measure is often used by governments or regulatory bodies to stop potential fraud, money laundering, or to enforce court judgments. When assets are frozen, the affected party cannot sell, withdraw, or otherwise use their funds until the freeze is lifted. Typically, asset freezes are applied to individuals or entities involved in criminal activities, such as those linked to terrorism or organized crime. The process usually requires a court order, and the affected parties may have the right to appeal the decision in order to regain access to their assets.