Mission
The National Agency of Ukraine for Finding, Tracing and Management of Assets Derived from Corruption and Other Crimes (Asset Recovery and Management Agency or ARMA) is the central executive body with special status authorised to formulate and implement state policy in the field of finding and tracing of assets that may be seized in criminal proceedings, as well as managing assets seized in criminal proceedings.
The following internal and external preconditions existed for the creation of ARMA:- the need to improve mechanisms for finding and tracing assets that were illegally transferred outside Ukraine as a result of corruption and other crimes, as well as the need to introduce transparent and effective mechanisms for managing seized assets;- Ukraine's obligations under the Action Plan on EU Visa Liberalisation for Ukraine, the recommendations of the Organisation for Economic Co-operation and Development (OECD) binding on Ukraine, and other international obligations
of Ukraine.
ARMA has no analogues in the system of state authorities in Ukraine in terms of content, scope of functions and legal status.
ARMA was created on the model of asset recovery and management institutions that operate successfully in EU member states in accordance with Council Decision 2007/845/JHA of 6
December 2007 and other EU legislation.