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📈 Business
Banks can freeze accounts without a bailiff — how does it differ from enforcement?
Banks can block funds in a customer's account on their own initiative, without a court bailiff, for example in cases of suspected money laundering or criminal activity. Such a block differs from enforcement by a bailiff in that it is based on a bank's or prosecutor's decision rather than an enforceable court order. A customer whose account has been frozen has the right to file a complaint and demand an explanation from the financial institution.
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