What is swift MT103 blocked founds?

A SWIFT MT103 is a standardized message used for international wire transfers between banks, detailing a payment's instructions. "Blocked funds" refers to money that cannot be accessed or transferred due to regulatory reasons, such as compliance with sanctions or legal disputes. When funds are blocked in an MT103 transaction, it means that although the transaction has been initiated, the funds are held and cannot be released until certain conditions are met or issues resolved. This situation can arise in various scenariOS, including anti-money laundering (AML) checks or pending investigations.