Asset forfeiture is the way to seize the assets of a person. United States can do with IRS.
Step-by-step explanation:
Government of a country not only has the right gto seize away the cash of a person but the government has the right to seize away the house or a car of the person also.
Any of the asset of a person or a company which is tainted with any criminal activities in the eyes of the government or in the eyes of the law can be seized by the government of a country. The foreign assets can also be seized by the government.