seizure
noun
LAW uk/ˈsiːʒər/ us [ C or U ]
the act of taking possession of property or assets because they are illegal, or because the owner owes money:
the seizure of sth More severe penalties, including the seizure of assets will be introduced for the non-payment of taxes.
In 2005, there were about 70 seizures of goods worth $20.6 million.
asset/land/property seizure
[ C ]
property or assets that are taken away because they are illegal, or because the owner owes money:
Border seizures were worth $538.8 million in 2010.