seizure by the government

A draft EU framework decision that would allow the confiscation, or seizure of the assets gained from illegal activity (otherwise known as laundered money) is under discussion. Its effect would be to bring all Member States laws to a similar standard. (See organised crime)

The taking or seizing of property without paying any compensation.

Government seizure of private property without fair and reasonable compensation or the seizure of property with the owner's legal right abolished because of a legal violation.

The taking and holding of private property by a government or an agency acting for a government. Compensation may or may not be given to the owner of the property. Consignee The individual or company to whom a seller or shipper sends merchandise and who, upon presentation of necessary documents, is recognized as the merchandise owner for the purpose of declaring and paying customs duties.

Confiscation, from the Latin confiscatio 'joining to the fiscus, i.e. transfer to the treasury' is a legal seizure without compensation by a government or other public authority. The word is also used, popularly, of spoliation under legal forms, or of any seizure of property without adequate compensation.